Phantom shares moved in BlackRock MuniYield Quality (NYSE: MQY)

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND, INC. reported an administrative adjustment to portfolio manager Kevin Maloney’s compensation-linked phantom shares following a fund reorganization. Effective February 23, 2026, BlackRock MuniYield Fund, Inc. was reorganized into this fund, and Maloney’s existing phantom stock units were reallocated accordingly.

The filing shows 504.19 phantom shares at $11.74 per share, representing the economic equivalent of common stock, payable in cash after vesting. These units reflect a conversion based on the reorganization exchange ratio, and no additional consideration was paid by Maloney in connection with the reallocation.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Maloney Kevin

Role Insider

Type	Security	Shares	Price	Value
Other	Phantom Shares	504.19	$11.74	$6K

Holdings After Transaction: Phantom Shares — 504.19 shares (Direct)

Footnotes (1)

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. Effective as of February 23, 2026, BlackRock MuniYield Fund, Inc. (the "Target Fund") was reorganized into BlackRock MuniYield Quality Fund, Inc. (the "Acquiring Fund"). In connection with this reorganization, phantom stock units previously awarded to Kevin Maloney in the Target Fund were reallocated to the Acquiring Fund. The number of phantom stock units in the Acquiring Fund (504.19 units at $11.74 per share) represents the value of the reporting person's former Target Fund phantom stock units converted at the exchange ratio used in the reorganization. No additional consideration was paid by the reporting person in connection with this reallocation.

Form 4 Insider Transactions: What Each Field Means →

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
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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^*

Maloney Kevin

(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)
02/23/2026

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)	02/23/2026		J(2)		504.19		(1)(2)	(1)(2)	Common Stock	504.19	$11.74(2)	504.19	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. Effective as of February 23, 2026, BlackRock MuniYield Fund, Inc. (the "Target Fund") was reorganized into BlackRock MuniYield Quality Fund, Inc. (the "Acquiring Fund"). In connection with this reorganization, phantom stock units previously awarded to Kevin Maloney in the Target Fund were reallocated to the Acquiring Fund. The number of phantom stock units in the Acquiring Fund (504.19 units at $11.74 per share) represents the value of the reporting person's former Target Fund phantom stock units converted at the exchange ratio used in the reorganization. No additional consideration was paid by the reporting person in connection with this reallocation.

	/s/ Gladys Chang as Attorney-in-Fact	02/25/2026
	** 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.
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FAQ

What insider transaction did MQY report for Kevin Maloney on February 23, 2026?

MQY reported an administrative reallocation of 504.19 phantom shares for portfolio manager Kevin Maloney on February 23, 2026. The units were moved in connection with a fund reorganization and reflect existing compensation value rather than a new market purchase or sale.

What are the phantom shares disclosed in the MQY Form 4 for Kevin Maloney?

The phantom shares are derivatives economically equivalent to MQY common stock and become payable in cash after vesting. Kevin Maloney holds 504.19 phantom shares at $11.74 per share, representing compensation units tied to the fund’s value instead of direct ownership of common shares.

How did the BlackRock MuniYield fund reorganization affect Kevin Maloney’s phantom shares at MQY?

When BlackRock MuniYield Fund, Inc. was reorganized into BlackRock MuniYield Quality Fund, Inc., Maloney’s prior phantom stock units were converted into 504.19 units in MQY. The number reflects the exchange ratio applied in the reorganization, preserving the economic value of his original units.

Did Kevin Maloney pay any additional consideration for the MQY phantom shares reallocation?

No, the Form 4 explicitly states that Maloney paid no additional consideration for the reallocation. His existing phantom stock units from the prior fund were simply converted into 504.19 MQY phantom shares using the reorganization exchange ratio, maintaining economic equivalence.

What does transaction code J mean in the MQY Form 4 for Kevin Maloney?

Transaction code J in this MQY Form 4 is described as an “other acquisition or disposition.” Here it reflects the reallocation of previously awarded phantom stock units due to a fund reorganization, rather than a standard open-market purchase or sale of securities.