Janey Ahn
About Janey Ahn
Janey Ahn serves as Secretary of BlackRock MuniYield Pennsylvania Quality Fund (NYSE: MPA) and is a Managing Director of BlackRock, Inc. since 2018; she previously served as Director from 2009–2017 and Vice President from 2008–2009 . Born in 1975, she has served as the Fund’s Secretary since 2012 with an annual term of office; executive officers (other than the CCO) receive no direct compensation from the Fund . Fund-level performance metrics (TSR, revenue, EBITDA) are not disclosed for her role; her responsibilities include corporate governance and attestation duties (e.g., signing shareholder communications and attesting to corporate filings) .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock MuniYield Pennsylvania Quality Fund (MPA) | Assistant Secretary | 2008–2012 | Supported governance/documentation, including shareholder meeting materials . |
| BlackRock MuniYield Pennsylvania Quality Fund (MPA) | Secretary | 2012–present | Oversees corporate secretary functions; signs shareholder notices/proxies and attests to filings (e.g., Articles of Amendment), enabling compliant governance and execution . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock, Inc. | Managing Director | 2018–present | Senior leadership at advisor to the Fund; embeds alignment with BlackRock fund governance and operations . |
| BlackRock, Inc. | Director | 2009–2017 | Mid-senior leadership contributing to fund administration and governance . |
| BlackRock, Inc. | Vice President | 2008–2009 | Management responsibility supporting fund complex operations . |
Fixed Compensation
- Executive officers (with the exception of the Chief Compliance Officer) receive no compensation from the Fund; compensation is handled at BlackRock, Inc. and is not disclosed in the Fund’s proxy .
Performance Compensation
- No Fund-paid bonus, RSU/PSU grants, or option awards are disclosed for executive officers (including the Secretary); the Fund does not have a compensation committee because executive officers (other than the CCO) receive no direct compensation from the Fund .
Equity Ownership & Alignment
| Metric | Value | Date |
|---|---|---|
| Executive officers and Board Members as a group – beneficial ownership of Fund shares | Less than 1% of outstanding shares | April 30, 2025 |
| CFO share ownership in Fund | 0 shares | April 30, 2025 |
| Janey Ahn – individual Fund share ownership | Not individually disclosed; Appendix B lists Board Members/Nominees, and group ownership (incl. executive officers) <1% | April 30, 2025 |
- Stock ownership guidelines, pledging/hedging policies, and executive-level ownership compliance are not disclosed for Fund executive officers in the proxy .
Note: Attempts to retrieve Form 4 insider trading data for “Janey Ahn” on MPA encountered an access/authentication error. No insider transaction details could be verified within this analysis window.
Employment Terms
| Term Element | Disclosure | Details |
|---|---|---|
| Office | Secretary | Annual term; serving since 2012 |
| Employer | BlackRock, Inc. | Managing Director since 2018; previously Director (2009–2017), Vice President (2008–2009) |
| Contract/Severance/Change-of-Control | Not disclosed | No employment agreement, severance multiples, or CoC terms filed for executive officers at Fund level |
| Clawback/Tax gross-ups | Not disclosed | No executive-level clawback or tax gross-up disclosures at Fund level |
Performance & Track Record
- Administrative leadership and governance: Signs and issues annual/special meeting communications as Secretary, supporting shareholder engagement and orderly governance processes .
- Corporate filings: Attested to Articles of Amendment (VRDP Series documentation) as Secretary, evidencing formal execution responsibilities .
Investment Implications
- Pay-for-performance linkage is not present at the Fund level for executive officers; compensation resides with BlackRock and is not disclosed in the proxy, limiting visibility into incentives tied to Fund outcomes .
- Direct alignment via Fund share ownership appears limited given group beneficial ownership (Board Members and executive officers) is <1%; no individual holdings for the Secretary are disclosed, and CFO ownership is zero .
- Trading signals from insider activity cannot be assessed here due to inability to access Form 4 data; proxies do not provide transaction-level details for officers .
- Role-driven execution risk is low from an investment perspective: the Secretary’s responsibilities are governance/administrative rather than portfolio management or strategy setting, which are carried out by BlackRock Advisors, LLC; thus, her individual actions are unlikely to be a lever on Fund NAV, discount/premium, or distribution policy .