Virtus Equity & Convertible Income Fund (NIE) PM Michael Yee Sells 4,505 Shares

What Happened

• Michael Yee, a portfolio manager at Virtus Equity & Convertible Income Fund (ticker: NIE), disposed of 4,505.168 shares to the issuer on August 10, 2026. The shares were recorded at $26.55 each, for a total value of approximately $119,612. This was a disposition (sale/return to the issuer), not a purchase.

Key Details

• Transaction date: 2026-08-10
• Transaction type/code: Disposition to the issuer (D)
• Price per share: $26.55
• Shares disposed: 4,505.168
• Total value: ~$119,612
• Filing date (Form 4): 2026-08-17 — filing appears late relative to the 2-business-day Form 4 deadline
• Shares owned after transaction: Not specified in the provided filing excerpt
• No 10b5-1 plan, tax-withholding, or other footnotes reported in the excerpt

Context

• A "Disposition to the issuer" means the insider returned or sold shares back to the company/issuer; it is a sale-type transaction rather than a buy. Sales by insiders can be routine and do not by themselves indicate the insider’s view of the company. The delayed filing may be a compliance issue and can merit attention by investors tracking insider activity.