O'Reilly Timothy M 4

What Happened
Timothy M. O'Reilly, a portfolio manager at Invesco Quality Municipal Income Trust (IQI), purchased 780 shares on July 17, 2026, at $10.21 per share for a total of approximately $7,965. The filing notes that this total includes 141.567 shares acquired under a dividend reinvestment plan (see footnote F1). This transaction was a purchase, which investors generally view as more informative than routine sales but does not by itself imply a change in outlook.

Key Details

• Transaction date: 2026-07-17; Price: $10.21 per share; Total value: ~$7,965.
• Shares reported acquired: 780 (includes 141.567 shares via dividend reinvestment plan — F1).
• Shares owned after the transaction: not disclosed in the provided filing.
• Filing date: 2026-07-23 — the Form 4 was filed 6 days after the transaction and appears to be late (Form 4s are generally due within two business days), which can be a compliance concern.

Context

• The dollar amount is modest (~$8k); such purchases can be routine (including dividend reinvestment) and may not signal a major change in insider conviction.
• For fund insiders, purchases tied to dividend reinvestment plans are common and often reflect automatic plan activity rather than new discretionary buying.