KALINOSKI MICHAEL 4

What Happened

• Michael Kalinoski, a portfolio manager for BlackRock MuniYield Quality Fund, Inc. (MQY), received an award of 177.963 phantom shares (derivative units) on 2026-01-30. The award is reported at a per-unit value of $11.73 for a total grant value of $2,088. This was a compensation award (grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-01-30; filing date: 2026-02-03 (filing appears timely).
• Transaction type/code: A (award/grant) of derivative securities (phantom shares).
• Quantity & value: 177.963 phantom shares × $11.73 = $2,088 (reported value).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — phantom shares are the economic equivalent of one common share and are payable in cash subject to vesting. F2 — these phantom shares vest in equal installments on each of the first three anniversaries of the award.

Context

• Phantom-share awards are a form of deferred cash compensation tied to the value of common stock; they do not represent immediate share ownership or open-market buying/selling. Because vesting is spread over three years, any cash value will be realized over time and is part of routine compensation disclosures rather than an immediate market sentiment signal.