Soccio Phillip 4
4 · BLACKROCK MUNIYIELD FUND, INC. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
BlackRock MuniYield (MYD) PM Phillip Soccio Sells 44.405 Shares
What Happened
- Phillip Soccio, a portfolio manager at BlackRock MuniYield Fund, had 44.405 phantom shares (a derivative award) vest/convert on Jan 30, 2026 and those shares were disposed to the issuer at $10.69 per share for a cash amount of about $475. The filing shows an exercise/conversion of the derivative (code M) and a disposition to the issuer (code D).
Key Details
- Transaction date: 2026-01-30; Form filed: 2026-02-03 (timely filing).
- Actions reported: conversion/exercise of a derivative (M) for 44.405 phantom-share equivalents, followed by disposition to the issuer (D) of 44.405 shares at $10.69/share.
- Total proceeds shown: approximately $475.
- Shares owned after transaction: not specified in this filing.
- Notes: Footnote states these are "phantom shares" — economic equivalents payable in cash on vesting. The grant was originally made Jan 31, 2023 and vests in equal installments over the first three anniversaries of the grant.
Context
- These were phantom (cash-settled) awards that vested and were immediately settled/paid by the issuer rather than an open-market sale of existing shares. Such settlements are typically routine compensation/tax-related events and do not by themselves indicate a change in insider sentiment.
Insider Transaction Report
Form 4
Soccio Phillip
Other
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-01-30+44.405→ 44.405 total - Disposition to Issuer
Common Stock
[F1][F2]2026-01-30$10.69/sh−44.405$475→ 0 total - Exercise/Conversion
Phantom Shares
[F1][F2]2026-01-30−44.405→ 0 total→ Common Stock (44.405 underlying)
Footnotes (2)
- [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 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.
Signature
/s/ Gladys Chang as Attorney-in-Fact|2026-02-03