BlackRock Muniyield (NYSE: MQY) grants phantom shares to portfolio manager

Rhea-AI Filing Summary

BlackRock Muniyield Quality Fund, Inc. reported a compensation-related equity award to portfolio manager Phillip Soccio. On 01/30/2026, he received 170.503 phantom shares at a reference price of $11.73 per share, held as a direct derivative position.

Each phantom share is the economic equivalent of one share of common stock but is payable in cash, not stock, after meeting vesting conditions. These phantom shares vest in three equal annual installments on each of the first three anniversaries of the award, aligning compensation with the fund’s long-term performance.

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

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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^*

Soccio Phillip

(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, INC. [ MQY ]

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

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		A		170.503		(1)(2)	(1)(2)	Common Stock	170.503	$11.73	170.503	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. These phantom shares vest in equal installments on each of the first three anniversaries of the award.

	/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).
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FAQ

What insider transaction did MQY disclose for Phillip Soccio?

MQY disclosed that portfolio manager Phillip Soccio received 170.503 phantom shares on January 30, 2026. These are derivative compensation units tied to the fund’s common stock value, rather than a traditional stock purchase or sale in the open market.

What are phantom shares in the MQY Form 4 filing?

In the MQY filing, phantom shares are described as the economic equivalent of one share of common stock. They do not deliver stock; instead, once vesting conditions are met, they become payable in cash based on the underlying share value.

How many phantom shares were granted to the MQY portfolio manager?

The MQY portfolio manager, Phillip Soccio, was granted 170.503 phantom shares. After this award, his reported beneficial ownership in this derivative security is 170.503 phantom shares, reflecting the full amount of the new grant as a direct holding.

At what price were the MQY phantom shares valued in the grant?

The phantom share grant to the MQY portfolio manager used a reference price of $11.73 per phantom share. This price is used for reporting and valuation of the award, which is economically tied to the value of MQY’s common stock.

How do the MQY phantom shares vest over time?

The phantom shares granted to the MQY portfolio manager vest in equal installments on each of the first three anniversaries of the award date. This three-year vesting schedule is designed to spread the compensation over time and encourage longer-term alignment.

Is the MQY phantom share award settled in stock or cash?

The MQY filing states that each phantom share becomes payable in cash once applicable vesting requirements are satisfied. Although they are economically equivalent to common stock, they do not convert into actual shares of MQY for the portfolio manager.