Maloney Kevin 4
4 · BLACKROCK MUNIYIELD FUND, INC. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
BlackRock MuniYield (MYD) Portfolio Manager Kevin Maloney Sells 476 Shares
What Happened
Kevin Maloney, a portfolio manager at BlackRock MuniYield Fund, exercised/converted phantom-share awards that vested and resulted in a disposition to the issuer on January 30, 2026. The filing shows 476.584 shares disposed to the issuer at $10.69 per share, for proceeds of approximately $5,095. The report also lists conversions/exercises of additional phantom-share amounts (112.194; 325.21; 39.18 shares) tied to prior grants.
Key Details
- Transaction date: 2026-01-30; Form 4 filed: 2026-02-03.
- Reported sale: 476.584 shares disposed to issuer at $10.69 each = $5,095.
- Other derivative conversions listed: 112.194, 325.21 and 39.18 phantom shares (no per-share price shown).
- Footnotes indicate these are phantom shares (cash-settled awards) granted on Jan 31 of 2023–2025 that vest in equal installments over the first three anniversaries (F1–F4).
- Shares owned after the transaction are not specified in the filing.
Context
Phantom shares are cash-settled awards that pay the economic equivalent of common stock on vesting rather than delivering actual shares. The combination of "exercise/conversion of derivative (M)" and "disposition to the issuer (D)" here reflects cash settlement/withholding of vested phantom shares, not an open-market sale of held stock by the insider. Such cash-settled vesting events are typically administrative/compensation-related and do not necessarily signal the insider’s view on the company’s prospects.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2][F3][F4]2026-01-30+476.584→ 476.584 total - Disposition to Issuer
Common Stock
[F1][F2][F3][F4]2026-01-30$10.69/sh−476.584$5,095→ 0 total - Exercise/Conversion
Phantom Shares
[F1][F2]2026-01-30−112.194→ 224.388 total→ Common Stock (112.194 underlying) - Exercise/Conversion
Phantom Shares
[F1][F3]2026-01-30−325.21→ 325.21 total→ Common Stock (325.21 underlying) - Exercise/Conversion
Phantom Shares
[F1][F4]2026-01-30−39.18→ 0 total→ Common Stock (39.18 underlying)
Footnotes (4)
- [F1]A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.
- [F2]As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
- [F3]As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
- [F4]As previously reported on a Form 4 dated February 2, 2023, the Reporting Person was granted phantom shares on January 31, 2023 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.