MQY (NYSE: MQY) portfolio manager logs phantom share grant and stock sale

Filing Impact

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Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BlackRock MuniYield Quality Fund, Inc. portfolio manager Christian Romaglino reported compensation-related equity activity. On January 30, 2026, he received 171.5686 phantom shares, each economically equal to one share of common stock and payable in cash after vesting.

On the same date, previously awarded phantom shares were exercised into 221.1161 common shares and those common shares were then disposed of at $11.73 per share, leaving 0 common shares directly owned. The phantom awards vest in equal installments over three years from their respective grant dates.

Insider Trade Summary

221.116 shares exercised/converted

Mixed 5 txns

Insider Romaglino Christian

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	171.569	$11.73	$2K
Exercise	Phantom Shares	110.164	$0.00	--
Exercise	Phantom Shares	110.952	$0.00	--
Exercise	Common Stock	221.116	$0.00	--
Disposition	Common Stock	221.116	$11.73	$3K

Holdings After Transaction: Phantom Shares — 171.569 shares (Direct); Common Stock — 221.116 shares (Direct)

Footnotes (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. 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. 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. These phantom shares vest in equal installments on each of the first three anniversaries of the award.

Form 4 Insider Transactions: What Each Field Means →

02/03/2026 - 05:53 PM

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^*

Romaglino Christian

(Last)

(First)

(Middle)

50 HUDSON YARDS

(Street)

NEW YORK

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	01/30/2026		M		221.1161	A	⁽¹⁾⁽²⁾⁽³⁾	221.1161	D
Common Stock	01/30/2026		D		221.1161	D	$11.73⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Shares	⁽¹⁾⁽⁴⁾	01/30/2026		A		171.5686		⁽¹⁾⁽⁴⁾	⁽¹⁾⁽⁴⁾	Common Stock	171.5686	$11.73	171.5686	D
Phantom Shares	⁽¹⁾⁽²⁾	01/30/2026		M			110.1641	⁽¹⁾⁽²⁾	⁽¹⁾⁽²⁾	Common Stock	110.1641	⁽¹⁾⁽²⁾	220.3282	D
Phantom Shares	⁽¹⁾⁽³⁾	01/30/2026		M			110.952	⁽¹⁾⁽³⁾	⁽¹⁾⁽³⁾	Common Stock	110.952	⁽¹⁾⁽³⁾	110.952	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.

4. 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).
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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did MQY portfolio manager Christian Romaglino report?

Christian Romaglino reported compensation-related equity activity involving phantom shares and common stock. On January 30, 2026, phantom share awards were partially exercised into 221.1161 common shares, which were then sold at $11.73 per share, reducing his directly owned common stock to zero.

How many MQY phantom shares were granted to Christian Romaglino?

He was granted 171.5686 phantom shares on January 30, 2026. Each phantom share is economically equivalent to one share of common stock and becomes payable in cash once vesting conditions are met, providing cash-settled exposure to MQY rather than additional listed shares.

What does the sale of MQY common stock by Christian Romaglino involve?

The transaction reflects the sale of 221.1161 MQY common shares at $11.73 per share. These shares arose from the exercise of previously granted phantom shares, so the reported sale is tied to the settlement of incentive awards rather than an open-market reduction of a long-standing stock position.

How do MQY phantom shares work for the portfolio manager?

MQY phantom shares are cash-settled awards that mirror the value of common stock. They vest in equal installments over three years from the grant date, and upon vesting they become payable in cash rather than issuing new MQY shares, aligning compensation with fund performance.

Did Christian Romaglino hold MQY common stock after the reported transactions?

After exercising phantom shares into common stock and selling 221.1161 common shares at $11.73 per share, his directly owned MQY common stock balance was reported as 0.0000 shares. He continued to hold phantom share interests that vest and pay out in cash over time.