Soccio Phillip 4
4 · BLACKROCK MUNIHOLDINGS QUALITY FUND II, INC. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
MUE Portfolio Manager Phillip Soccio Sells Phantom Shares
What Happened
Phillip Soccio, a portfolio manager at BlackRock MuniHoldings Quality Fund II, disposed of 123.479 phantom shares (derivative units) on February 9, 2026. The units were converted/valued at $10.07 each for a total economic amount of about $1,243. This was an “other acquisition or disposition” (code J) relating to derivative phantom stock units, not an open-market sale of actual common shares.
Key Details
- Transaction date: 2026-02-09; filing date (Form 4): 2026-02-11 (filed within typical 2‑business‑day reporting window).
- Price/value: $10.07 per unit; total economic value ≈ $1,243.
- Quantity: 123.479 phantom shares (reported as a derivative disposition).
- Shares owned after transaction: not specified in the provided filing.
- Footnotes: F1 — phantom shares are cash-settled equivalents of common shares, payable subject to vesting. F2 — units were reallocated and converted into the acquiring fund (BlackRock MuniHoldings Fund, Inc.) as part of a fund reorganization effective Feb 9, 2026.
Context
This was a derivative/phantom-unit conversion tied to a fund reorganization (BlackRock MuniHoldings Quality Fund II reorganized into BlackRock MuniHoldings Fund, Inc.). Such transactions often reflect administrative or plan-driven payouts rather than discretionary open-market selling by the insider. The dollar amount here is small ($~1.2k) and appears routine.
Insider Transaction Report
- Other
Phantom Shares
[F1][F2]2026-02-09$10.07/sh−123.479$1,243→ 0 total→ Common Stock (123.479 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]Effective as of February 9, 2026, BlackRock MuniHoldings Quality Fund II, Inc. (the "Target Fund") was reorganized into BlackRock MuniHoldings Fund, Inc. (the "Acquiring Fund"). In connection with this reorganization, phantom stock units previously awarded to Phillip Soccio in the Target Fund were reallocated to the Acquiring Fund, converted at the exchange ratio used in the reorganization.