BlackRock MQY updates Romaglino phantom shares

Q: What does the BlackRock MQY Form 4 filing for Christian Romaglino report?

The Form 4 reports administrative reallocations of phantom share units to BlackRock MuniYield Quality Fund, Inc. These units were moved from predecessor funds following reorganizations, with no additional consideration paid by portfolio manager Christian Romaglino.

Q: How many phantom shares were reallocated to BlackRock MQY in this filing?

The filing shows 220.63 phantom stock units at $11.74 per share from one target fund and 167.17 phantom stock units at $11.74 per share from another, both reallocated into BlackRock MuniYield Quality Fund, Inc. as part of fund reorganizations.

Q: Did Christian Romaglino buy or sell MQY shares in this Form 4 filing?

No explicit buy or sell transaction is reported. The Form 4 describes reallocations of previously awarded phantom stock units into BlackRock MuniYield Quality Fund, Inc. resulting from fund reorganizations, with no additional consideration paid by Christian Romaglino.

Q: What are phantom shares in the BlackRock MQY Form 4 filing?

The filing explains that a phantom share is economically equivalent to one common share and, subject to vesting requirements, becomes payable in cash. These instruments track share value but do not represent actual issued common stock.

Q: Why were phantom shares moved into BlackRock MuniYield Quality Fund, Inc. (MQY)?

The phantom shares were reallocated because two target funds were reorganized into BlackRock MuniYield Quality Fund, Inc. Units previously awarded in each target fund were converted at the applicable exchange ratio and moved into MQY without extra payment by the reporting person.

Q: Does the MQY Form 4 indicate new compensation for Christian Romaglino?

The Form 4 describes reallocation, not new grants. It states that phantom stock units in the acquiring fund represent the value of former units converted at the exchange ratio, and that no additional consideration was paid by Christian Romaglino for these changes.

BLACKROCK MUNIYIELD QUALITY FUND, INC. reported administrative changes to portfolio manager Christian Romaglino’s phantom share holdings tied to recent fund reorganizations.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

BLACKROCK MUNIYIELD QUALITY FUND, INC. reported administrative changes to portfolio manager Christian Romaglino’s phantom share holdings tied to recent fund reorganizations. A phantom share is the economic equivalent of one common share and, after vesting, is payable in cash.

On February 23, 2026, 220.63 phantom stock units at $11.74 per share were reallocated from BlackRock Investment Quality Municipal Trust to this fund, and 167.17 phantom stock units at $11.74 per share were reallocated from BlackRock MuniYield Quality Fund II, Inc. No additional consideration was paid by Romaglino in either reallocation.

Insider Trade Summary

Other: 387.8 shares

Other 2 txns

Insider Romaglino Christian

Role Insider

Type	Security	Shares	Price	Value
Other	Phantom Shares	220.63	$11.74	$3K
Other	Phantom Shares	167.17	$11.74	$2K

Holdings After Transaction: Phantom Shares — 1,614.13 contracts (Direct)

Footnotes (3)

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.
F2. Effective as of February 23, 2026 BlackRock Investment Quality Municipal Trust (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 Christian Romaglino in the Target Fund were reallocated to the Acquiring Fund. The number of phantom stock units in the Acquiring Fund (220.63 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.
F3. Effective as of February 23, 2026 BlackRock MuniYield Quality Fund II, Inc. Income Trust (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 Christian Romaglino in the Target Fund were reallocated to the Acquiring Fund. The number of phantom stock units in the Acquiring Fund (167.17 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the BlackRock MQY Form 4 filing for Christian Romaglino report?

The Form 4 reports administrative reallocations of phantom share units to BlackRock MuniYield Quality Fund, Inc. These units were moved from predecessor funds following reorganizations, with no additional consideration paid by portfolio manager Christian Romaglino.

How many phantom shares were reallocated to BlackRock MQY in this filing?

The filing shows 220.63 phantom stock units at $11.74 per share from one target fund and 167.17 phantom stock units at $11.74 per share from another, both reallocated into BlackRock MuniYield Quality Fund, Inc. as part of fund reorganizations.

Did Christian Romaglino buy or sell MQY shares in this Form 4 filing?

No explicit buy or sell transaction is reported. The Form 4 describes reallocations of previously awarded phantom stock units into BlackRock MuniYield Quality Fund, Inc. resulting from fund reorganizations, with no additional consideration paid by Christian Romaglino.

What are phantom shares in the BlackRock MQY Form 4 filing?

The filing explains that a phantom share is economically equivalent to one common share and, subject to vesting requirements, becomes payable in cash. These instruments track share value but do not represent actual issued common stock.

Why were phantom shares moved into BlackRock MuniYield Quality Fund, Inc. (MQY)?

The phantom shares were reallocated because two target funds were reorganized into BlackRock MuniYield Quality Fund, Inc. Units previously awarded in each target fund were converted at the applicable exchange ratio and moved into MQY without extra payment by the reporting person.

Does the MQY Form 4 indicate new compensation for Christian Romaglino?

The Form 4 describes reallocation, not new grants. It states that phantom stock units in the acquiring fund represent the value of former units converted at the exchange ratio, and that no additional consideration was paid by Christian Romaglino for these changes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/25/2026 - 09:01 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)
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)
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)

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⁾	02/23/2026		J⁽²⁾		220.63		⁽¹⁾⁽²⁾	⁽¹⁾⁽²⁾	Common Stock	220.63	$11.74⁽²⁾	723.48	D
Phantom Shares	⁽¹⁾	02/23/2026		J⁽³⁾		167.17		⁽¹⁾⁽³⁾	⁽¹⁾⁽³⁾	Common Stock	167.17	$11.74⁽³⁾	890.65	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 Investment Quality Municipal Trust (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 Christian Romaglino in the Target Fund were reallocated to the Acquiring Fund. The number of phantom stock units in the Acquiring Fund (220.63 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.

3. Effective as of February 23, 2026 BlackRock MuniYield Quality Fund II, Inc. Income Trust (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 Christian Romaglino in the Target Fund were reallocated to the Acquiring Fund. The number of phantom stock units in the Acquiring Fund (167.17 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.
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