Romaglino Christian 4

Accession 0001193125-26-036000

CIK 0000890196other

Filed

Feb 2, 7:00 PM ET

Accepted

Feb 3, 5:53 PM ET

Size

13.5 KB

Accession

0001193125-26-036000

AI-generated summary of this filing

Updated Feb 3, 2026

BLACKROCK MUNIYIELD (MQY) PM Christian Romaglino Exercises & Sells

What Happened

Christian Romaglino, a portfolio manager for BlackRock Muniyield Quality Fund, converted (exercised) previously granted phantom-share derivatives and disposed of 221.116 shares to the issuer at $11.73 per share, generating $2,594. At the same time he was granted 171.569 new phantom shares (valued at $11.73 each, $2,012). The filing shows the exercises/conversions and the issuer disposition occurred on January 30, 2026.

Key Details

Transaction date: January 30, 2026; Form filed February 3, 2026 (appears timely—within two business days).
Disposition to issuer: 221.116 shares sold at $11.73 each = $2,594.
Grant/award: 171.569 phantom shares valued at $11.73 each = $2,012 (derivative award).
Exercise/conversion entries: multiple M-coded conversions totaling 221.116 shares (these reflect converting prior phantom-share awards).
Shares owned after transaction: not reported in the provided filing summary.
Footnotes: Phantom shares are cash-settled equivalents of common stock and pay out in cash upon vesting (F1). The awarded phantom shares vest in equal installments over the first three anniversaries of the grant (F2–F4).

Context

These were phantom-share (cash-settled) derivative transactions rather than open-market purchases or sales of company stock. Converting phantom shares and a simultaneous disposition to the issuer is commonly used to satisfy cash obligations (for example, tax withholding) when awards vest or are paid out. The amounts here are small in dollar terms and appear to be routine award conversion/settlement activity rather than an open-market investment decision.

Form 4

Period: 2026-01-30

Other

Transactions

Exercise/Conversion
Common Stock
[F1][F2][F3]
2026-01-30+221.116→ 221.116 total
Disposition to Issuer
Common Stock
[F1][F2][F3]
2026-01-30$11.73/sh−221.116$2,594→ 0 total
Award
Phantom Shares
[F1][F4]
2026-01-30$11.73/sh+171.569$2,012→ 171.569 total
→ Common Stock (171.569 underlying)
Exercise/Conversion
Phantom Shares
[F1][F2]
2026-01-30−110.164→ 220.328 total
→ Common Stock (110.164 underlying)
Exercise/Conversion
Phantom Shares
[F1][F3]
2026-01-30−110.952→ 110.952 total
→ Common Stock (110.952 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]These phantom shares vest in equal installments on each of the first three anniversaries of the award.

Signature

/s/ Gladys Chang as Attorney-in-Fact|2026-02-03

1 file

BLACKROCK MUNIYIELD QUALITY FUND, INC.

CIK 0000890196

Entity typeother