Form 4: BlackRock MQT Portfolio Manager Reports Stock, Phantom Share Transactions

Kristi Manidis, a Portfolio Manager for BlackRock MuniYield Quality Fund II, Inc., reported changes in her beneficial ownership of common stock and phantom shares.

Summary

• Kristi Manidis, a Portfolio Manager for BlackRock MuniYield Quality Fund II, Inc. (MQT), reported changes in her beneficial ownership of the company's securities.
• On January 30, 2026, Manidis acquired and subsequently disposed of 105.4356 shares of common stock.
• The common stock was disposed of at a price of $10.23 per share, resulting in zero direct beneficial ownership of common stock following these transactions.
• Manidis also reported the acquisition of 57.4787 phantom shares related to a January 31, 2025 grant.
• Additionally, 47.9569 phantom shares were acquired from a January 31, 2024 grant.
• Phantom shares are the economic equivalent of one share of common stock and become payable in cash upon vesting.
• Following these transactions, Manidis beneficially owns 114.9574 phantom shares from the 2025 grant and 47.9569 phantom shares from the 2024 grant, totaling 162.9143 phantom shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine insider transaction related to compensation and personal portfolio adjustments, with no direct implications for the company's operational performance or strategic direction.

Positives

• The vesting of phantom shares represents a realization of compensation for the reporting person.
• The sale of common stock at $10.23 per share indicates a specific valuation for the transaction.

Negatives

• The reporting person's direct beneficial ownership of common stock is reduced to 0.0000 shares following the disposition.

Future Outlook

The phantom shares granted on January 31, 2025, and January 31, 2024, are subject to vesting in equal installments on each of the first three anniversaries of their respective grant dates, becoming payable in cash upon vesting.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insiders reporting changes in their beneficial ownership. These transactions, involving both common stock and phantom shares, are typical for executive compensation and personal portfolio management within the financial industry.

Comparison to Industry Standards

• This filing is a routine insider transaction report and does not contain information suitable for comparison to specific industry benchmarks or competitor results.

Related Party Transactions

• The reported transactions involve an insider (Portfolio Manager) and the company's securities, which are considered related-party dealings in the context of beneficial ownership reporting.

Stakeholder Impact

• Shareholders: Minor impact, as this is a routine insider transaction and the amount of common stock disposed is relatively small.
• Employees: The vesting of phantom shares is a positive for the reporting employee as part of their compensation.

Next Steps

• Future vesting events for the remaining phantom shares from the January 31, 2025, and January 31, 2024 grants.

Key Dates

Keywords

BlackRock MuniYield Quality Fund II, MQT, Insider transaction, Form 4, Beneficial ownership, Phantom shares, Stock sale, Portfolio Manager