Walter O'Connor trades MQT (MQT) stock and holds cash-settled phantom shares

Rhea-AI Filing Summary

BlackRock MuniYield Quality Fund II, Inc. reported an insider transaction by portfolio manager Walter O'Connor. On January 30, 2026, O'Connor acquired 391.4934 shares of common stock through the settlement of phantom share awards and then disposed of the same 391.4934 shares at $10.23 per share, leaving him with no directly held common stock.

He continues to hold cash-settled incentive awards in the form of phantom shares. Following the transactions, he beneficially owned 426.7357 phantom shares from a prior grant and 178.1255 phantom shares from another grant, each representing the economic equivalent of one common share but payable in cash upon vesting over a three-year schedule.

Insider Trade Summary

391.4934 shares exercised/converted

Exercise 4 txns

Insider OCONNOR WALTER

Role Insider

Type	Security	Shares	Price	Value
Exercise	Phantom Shares	213.3679	$0.00	$0.00
Exercise	Phantom Shares	178.1255	$0.00	$0.00
Exercise	Common Stock	391.4934	$0.00	$0.00
Disposition	Common Stock	391.4934	$10.23	$4K

Holdings After Transaction: Phantom Shares — 604.8612 shares (Direct); Common Stock — 0 shares (Direct)

Footnotes (3)

1. 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.
2. F2. As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
3. F3. As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.

FAQ

What insider transaction did Walter O'Connor report in MQT shares?

Walter O'Connor reported acquiring 391.4934 BlackRock MuniYield Quality Fund II (MQT) common shares via phantom share settlement, then selling the same 391.4934 shares at $10.23 each, resulting in no directly held common stock after the transaction while retaining phantom share awards.

What are phantom shares in the MQT Form 4 filing for Walter O'Connor?

In the MQT filing, phantom shares are described as the economic equivalent of one common share, payable in cash upon vesting. They are part of O'Connor's incentive compensation and do not represent actual stock ownership or voting rights, only a cash-based value linked to the shares.

How many phantom shares does Walter O'Connor hold related to MQT?

After the reported transactions, Walter O'Connor beneficially owned 426.7357 phantom shares from a 2025 grant and 178.1255 phantom shares from a 2024 grant. Each phantom share tracks the value of one common share but is settled in cash when vesting requirements are met.

At what price were Walter O'Connor's MQT common shares sold?

The Form 4 shows that Walter O'Connor disposed of 391.4934 MQT common shares at a price of $10.23 per share. These shares came from the exercise of phantom share awards, and the sale left him with zero directly held common stock afterward.

What do the transaction codes M and D mean in the MQT Form 4?

In this MQT Form 4, code M indicates the exercise or settlement of derivative securities, here phantom shares converting into 391.4934 common shares. Code D indicates a disposition of securities, reflecting the sale of those 391.4934 common shares at $10.23 per share on the same date.

How do Walter O'Connor’s phantom share grants for MQT vest over time?

The filing explains prior phantom share grants from January 31, 2024 and January 31, 2025 vest in cash in equal installments on each of the first three anniversaries of the respective grant dates, creating a three-year vesting schedule tied to MQT-related incentive compensation.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 02/03/2026 - 05:58 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

OCONNOR WALTER

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKROCK MUNIYIELD QUALITY FUND II, INC. [ MQT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Portfolio Manager

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/30/2026		M		391.4934	A	(1)(2)(3)	391.4934	D
Common Stock	01/30/2026		D		391.4934	D	$10.23(1)(2)(3)	0.0000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(1)(2)	01/30/2026		M			213.3679	(1)(2)	(1)(2)	Common Stock	213.3679	(1)(2)	426.7357	D
Phantom Shares	(1)(3)	01/30/2026		M			178.1255	(1)(3)	(1)(3)	Common Stock	178.1255	(1)(3)	178.1255	D

Explanation of Responses:

1. A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.

2. As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.

3. As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.

	/s/ Gladys Chang as Attorney-in-Fact	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.