Every Form 4 that BlackRock Investment Quality Municipal Trust (BKN) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow BKN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BKN filings page.
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. (BKN) reported an insider filing tied to its reorganization into BlackRock MuniYield Quality Fund, Inc. (MQY). In this transaction, DNT Asset Trust exchanged 678 Series W-7 Variable Rate Muni Term Preferred Shares of BKN for an equal number of Series W-7B Variable Rate Demand Preferred Shares of MQY in a cashless exchange.
The 678 BKN preferred shares are shown as disposed, reflecting their exchange into MQY shares rather than a cash sale. The statement is filed jointly by JPMorgan Chase & Co. and DNT Asset Trust, with JPMorgan’s interest arising indirectly through its ownership of subsidiary DNT Asset Trust, and the reporting persons include standard disclaimers about being part of any group.
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. reported an administrative change in compensation-related derivative holdings for portfolio manager Michael Kalinoski. The Form 4 shows 121.53 phantom shares, each economically equivalent to one common share and payable in cash after vesting, treated as an “other” transaction.
Effective February 23, 2026, the trust was reorganized into BlackRock MuniYield Quality Fund, Inc. In connection with this reorganization, phantom stock units previously awarded in the original fund were reallocated to the acquiring fund and converted using the same exchange ratio as the reorganization, leaving a zero balance reported for this issuer.
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. portfolio manager Christian Romaglino reported an “other” transaction involving 224.45 phantom shares valued at $11.54 per unit on February 23, 2026. After this transaction, his reported phantom share holdings in this fund were 0. Footnotes explain these phantom stock units were reallocated and converted in connection with the fund’s reorganization into BlackRock MuniYield Quality Fund, Inc.
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. reported an administrative change in compensation-linked phantom shares for portfolio manager Kristi Manidis. On the reported date, 100.260 phantom shares, valued at $11.54 per unit, were adjusted, leaving zero phantom shares reported as directly held after the transaction.
Footnotes explain that each phantom share mirrors one common share economically and is payable in cash once vesting conditions are met. The units tied to this fund were reallocated to BlackRock MuniYield Quality Fund, Inc. in connection with a fund reorganization using the same exchange ratio applied in that transaction.
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. reported an administrative change in Walter O'Connor’s compensation-related holdings through phantom shares. On February 23, 2026, the trust was reorganized into BlackRock MuniYield Quality Fund, Inc., and O'Connor’s previously awarded phantom stock units were reallocated to the acquiring fund.
The Form 4 shows an “other” transaction in 372.18 phantom shares, which are cash-settled units economically equivalent to common shares, subject to vesting. Following this reorganization-related conversion, the reported balance for these phantom shares in the reorganized trust is 0.
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. reported a Form 4 for director Glenn Hubbard reflecting a fund reorganization rather than an open-market trade. Effective February 23, 2026, the trust was reorganized into BlackRock MuniYield Quality Fund, Inc. Hubbard exchanged 333 common shares of the trust for 328 common shares of the acquiring fund (plus cash for any fractional share), based on a reported net asset value of $12.3868 per share for the trust and $12.5453 per share for the acquiring fund as of February 20, 2026, using a conversion ratio of 0.98736579.
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. director Stayce D. Harris reported an "other" type transaction linked to a fund reorganization. On February 23, 2026, BlackRock Investment Quality Municipal Trust, Inc. (the Target Fund) was reorganized into BlackRock MuniYield Quality Fund, Inc. (the Acquiring Fund).
In this reorganization, holders of the Target Fund received Acquiring Fund common shares equal in value to the Target Fund shares they surrendered, based on net asset values as of February 20, 2026, less reorganization costs. As of that date, the Target Fund’s NAV per share was $12.3868 and the Acquiring Fund’s NAV per share was $12.5453, resulting in a conversion ratio of 0.98736579 for the Target Fund’s common shares.
Under this ratio, Harris exchanged 10.7893 Target Fund common shares for 10 Acquiring Fund common shares plus cash for any fractional share. Following this transaction, her reported holdings of the Target Fund’s common stock were 0 shares.
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. (BKN) reported an insider share conversion tied to a fund reorganization. Director Catherine A. Lynch exchanged 1,802 common shares of the Target Fund for 1,779 common shares of BlackRock MuniYield Quality Fund, Inc., plus cash for any fractional shares.
The reorganization became effective on February 23, 2026, using net asset values as of February 20, 2026. On that date, the Target Fund’s NAV per share was $12.3868 and the Acquiring Fund’s NAV per share was $12.5453, resulting in a 0.98736579 conversion ratio for the Target Fund’s common shares.
BLACKROCK INVESTMENT QUALITY MUNICIPAL TRUST, INC. reported a restructuring-related insider transaction. Director Christian Romaglino’s 358.6193 common shares of this fund were exchanged in a reorganization into BlackRock MuniYield Quality Fund, Inc. Effective February 23, 2026, he received 354 common shares of the acquiring fund, based on a conversion ratio of 0.98736579 using net asset values of $12.3868 for the target fund and $12.5453 for the acquiring fund as of February 20, 2026. Following this exchange, his reported holdings in the target fund fell to zero, with any fractional share settled in cash.
BlackRock Investment Quality Municipal Trust, Inc. (BKN) portfolio manager Walter O’Connor reported a routine compensation-related transaction. On January 30, 2026, he converted 186.092 phantom shares, which are cash-settled awards economically equivalent to common stock, into an equal number of common shares at a price of $0.00 per share.
That same day, he disposed of 186.092 common shares at a price of $11.45 per share, leaving him with 0.0000 common shares directly owned after the sale. Following the transaction, he continued to beneficially own 372.184 phantom shares, which represent cash-settled rights subject to vesting over time based on a grant originally made on January 31, 2025.
BlackRock Investment Quality Municipal Trust portfolio manager Santiago Kristi Manidis reported routine compensation-related transactions. On January 30, 2026, 50.1309 phantom shares, each economically equivalent to one common share, were converted into 50.1309 common shares at a price of $0.00 per share.
On the same date, those 50.1309 common shares were disposed of at a price of $11.45 per share, leaving 0.0000 common shares directly owned after the transaction. Manidis continues to hold 100.2618 phantom shares, which are payable in cash upon vesting under the previously disclosed phantom share grant.
BlackRock Investment Quality Municipal Trust, Inc. (BKN) portfolio manager Michael Kalinoski reported a small insider transaction involving phantom shares and common stock on January 30, 2026. He converted 60.7647 phantom shares into the economic equivalent of common stock and then sold 60.7647 common shares at $11.45 per share, leaving him with no directly held common stock.
Following these transactions he continued to hold 121.5295 phantom shares, which are cash-settled and vest in three equal annual installments starting from January 31, 2025.
BlackRock Investment Quality Municipal Trust, Inc. (BKN) portfolio manager Christian Romaglino reported a Form 4 insider transaction on common stock and related phantom shares.
On January 30, 2026, 112.2249 phantom shares were settled into 112.2249 shares of common stock, reflecting the cash-settled phantom share program previously granted on January 31, 2025 and vesting over three years.
On the same date, 112.2249 shares of common stock were disposed of at a price of $11.45 per share. After these transactions, Romaglino directly held 358.62 shares of common stock and 224.4497 phantom shares, which are economically equivalent to common shares but payable in cash upon vesting.