Walter O’Connor, a portfolio manager of BlackRock MuniYield Quality Fund III, reported vesting-related equity movements in MYI. On January 30, 2026, he converted 193.8703 and 160.4716 phantom shares, which are cash-settled equivalents of common stock, into 354.342 shares of common stock.
He then disposed of 354.342 common shares at a price of $11.16 per share, leaving him with 100 common shares directly owned. After these transactions, he held 387.7407 phantom shares from a 2025 grant, while phantom shares from a 2023 grant were fully settled.
BlackRock MuniYield Quality Fund III portfolio manager Michael Kalinoski reported phantom share awards, vesting, and a small common share sale. On January 30, 2026, he received 187.052 phantom shares, described as the economic equivalent of common stock and payable in cash after vesting in three annual installments.
That same day, previously granted phantom shares totaling 63.3046 and 51.3372 were exercised into common stock, and his phantom share balance went to zero. He acquired 114.6418 common shares through an option exercise and then disposed of 114.6418 common shares at $11.16 per share, leaving 28.5804 common shares directly owned.
BlackRock MuniYield Quality Fund III, Inc. portfolio manager Christian Romaglino reported several compensation-related transactions dated January 30, 2026. He was credited with 180.3315 phantom shares, which the footnotes say are economically equivalent to common stock and become payable in cash as they vest.
On the same date, phantom shares from prior January 31, 2023 and January 31, 2025 grants (reported on earlier Forms 4) were involved in "M" transactions tied to 46.7663 and 123.2094 phantom shares. Corresponding non-derivative entries show 169.9756 shares of common stock acquired in an "M" transaction and then disposed of in a "D" transaction at $11.16 per share, leaving no common stock directly owned after these trades.