MQY (NYSE: MQY) portfolio manager receives cash-settled phantom share grant

Rhea-AI Filing Summary

BlackRock MuniYield Quality Fund, Inc. portfolio manager Santiago Kristi Manidis received a grant of phantom shares tied to the fund’s common stock. On January 30, 2026, Manidis was awarded 168.3717 phantom shares at $11.73 per phantom share.

Each phantom share is the economic equivalent of one share of common stock but is payable in cash, not stock, once vesting conditions are met. These phantom shares vest in three equal installments on each of the first three anniversaries of the award, aligning compensation with longer-term fund 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^*

Santiago Kristi Manidis

(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		168.3717		(1)(2)	(1)(2)	Common Stock	168.3717	$11.73	168.3717	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).
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.

FAQ

What did the MQY Form 4 report for Santiago Kristi Manidis?

The Form 4 for BLACKROCK MUNIYIELD QUALITY FUND, INC. (MQY) reports that portfolio manager Santiago Kristi Manidis received a grant of 168.3717 phantom shares on January 30, 2026. These are cash-settled compensation units linked to the fund’s common stock value.

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

The MQY portfolio manager received 168.3717 phantom shares. These phantom shares are structured as the economic equivalent of fund common stock and are payable in cash after vesting. The grant represents a form of deferred compensation tied to future performance.

What is a phantom share in the context of MQY’s Form 4 filing?

For MQY, a phantom share is described as the economic equivalent of one share of common stock, but it pays out in cash rather than actual shares. Payment occurs only after applicable vesting requirements linked to the award are satisfied over time.

At what price were the MQY phantom shares granted on January 30, 2026?

The phantom shares were granted at $11.73 per phantom share on January 30, 2026. This price is used to value the cash-settled units, which track the economic performance of MQY’s common stock until they vest and become payable.

How do the MQY phantom shares vest for the portfolio manager?

The MQY phantom shares vest in three equal installments on each of the first three anniversaries of the award date. This schedule spreads vesting over several years, encouraging longer-term alignment between the portfolio manager’s compensation and the fund’s ongoing results.

Does the MQY Form 4 show direct or indirect ownership of the phantom shares?

The Form 4 shows the phantom shares as held with direct ownership by the reporting person. No footnote indicates any trust, LLC, or other entity holding these units, so the economic interest is reported directly under Santiago Kristi Manidis’ name.