Virtus (NIE) Portfolio Manager Michael Yee Sells 4,605 Shares

What Happened

• Michael Yee, listed as a portfolio manager, sold 4,605.1684 shares of Virtus Equity & Convertible Income Fund (NIE) in an open-market transaction on 2026-08-10 at $26.55 per share, for a total of roughly $122,267. This was a sale (disposition), which is commonly a routine liquidity event rather than an expression of company outlook.

Key Details

• Transaction date: 2026-08-10; Price per share: $26.55; Shares sold: 4,605.1684; Gross value: ~$122,267.22
• Filing (amendment) date: 2026-08-26; Period of report: 2026-08-10
• Amendment note: Corrected transaction code from "D" to "S" and corrected shares sold from 4,505.168 to 4,605.1684
• Shares owned after transaction: Not disclosed in the excerpt provided
• Timeliness: The Form 4 was amended and filed 16 days after the trade date, which is later than the standard two-business-day reporting window

Context

• The filing is an amended Form 4 correcting reporting errors (transaction code and share count). Sales by portfolio managers are often routine; the amendment and late filing are administrative issues that investors may track but do not, by themselves, indicate company performance.