OCONNOR WALTER 4

4 · BLACKROCK MUNIYIELD QUALITY FUND II, INC. · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 3, 2026

MQT Portfolio Manager Walter O'Connor Exercises Phantom Shares for Cash

What Happened

Walter O'Connor, a portfolio manager at BlackRock MuniYield Quality Fund II (MQT), converted/ exercised vested phantom-share awards on January 30, 2026. The Form 4 shows a disposition to the issuer of 391.493 phantom shares at $10.23 per share, yielding $4,005 in cash. Two related derivative conversion lines (213.368 and 178.126 shares) reflect the same cash-settlement activity tied to previously granted phantom awards.
This was a cash settlement of phantom (derivative) awards rather than an open-market sale of common stock.

Key Details

Transaction date: January 30, 2026 (Form 4 filed February 3, 2026 — within the two-business-day reporting window).
Reported cash received: $4,005 (391.493 shares at $10.23 per share).
Other converted amounts shown: 213.368 and 178.126 phantom-share conversions (these sum to the 391.493 total).
Shares owned after transaction: Not specified in the provided filing excerpt.
Footnotes: F1–F3 indicate these are "phantom shares" (economic equivalents of common shares) granted Jan 31, 2024 and Jan 31, 2025, payable in cash as they vest in equal installments over three years.

Context

Phantom shares are cash-settled awards; converting them and receiving cash is a routine compensation settlement rather than a market sale that signals buying/selling intent.
For derivatives/exercise lines, this filing shows conversion and immediate cash settlement to the issuer (cashless-type settlement), consistent with the phantom-share plan described in the footnotes.

Form 4

Period: 2026-01-30

Other

Transactions

Exercise/Conversion
Common Stock
[F1][F2][F3]
2026-01-30+391.493→ 391.493 total
Disposition to Issuer
Common Stock
[F1][F2][F3]
2026-01-30$10.23/sh−391.493$4,005→ 0 total
Exercise/Conversion
Phantom Shares
[F1][F2]
2026-01-30−213.368→ 426.736 total
→ Common Stock (213.368 underlying)
Exercise/Conversion
Phantom Shares
[F1][F3]
2026-01-30−178.126→ 178.126 total
→ Common Stock (178.126 underlying)

Footnotes (3)

[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.

Signature

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

1 file