Stephen Minar
About Stephen Minar
Stephen Minar is Vice President of BlackRock MuniYield New York Quality Fund, Inc. (MYN) and was born in 1984. He has been a Managing Director at BlackRock, Inc. since 2023 and previously served as a Director since 2018; his fund officer address is c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001 . Executive officers (other than the Chief Compliance Officer) receive no compensation from the Funds, so there are no fund-level TSR, revenue, or EBITDA-linked incentives disclosed for Minar; the Acquiring Fund compensates only the CCO for CCO services .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock, Inc. | Managing Director | Since 2023 | Senior leadership role at BlackRock; specific fund-related responsibilities not disclosed |
| BlackRock, Inc. | Director | Since 2018 | Not disclosed in MYN filings |
| BlackRock MuniYield New York Quality Fund, Inc. (MYN) | Vice President | Since 2025 | Authorized signatory on Articles of Amendment and redemption notice, indicating operational execution for preferred shares and governance amendments |
External Roles
No external directorships or outside roles are disclosed for Minar in MYN filings; officer listings include only BlackRock positions and fund officer titles .
Fixed Compensation
- Executive officers receive no compensation from MYN or the other Funds; only the Chief Compliance Officer is compensated by the Acquiring Fund for CCO services .
- Base salary, target/actual bonus, and any cash retainers are not disclosed at the fund level for Minar (compensation occurs at BlackRock, not MYN) .
Performance Compensation
- No fund-based incentive plans (RSUs/PSUs/options) or performance metrics tied to officer compensation are disclosed for MYN executive officers; only CCO compensation is noted at the fund level .
- Accordingly, vesting schedules, payout curves, and performance goal frameworks for Minar are not provided in MYN filings .
Equity Ownership & Alignment
- Filings provide share ownership tables for Board Members; no beneficial ownership table is provided for officers, and there is no disclosure of Minar’s MYN share ownership, pledging, or compliance with stock ownership guidelines .
- The Funds’ preferred shares (VRDP) are privately placed, transfer-restricted, and held by institutional holders; they are not exchange-listed, which limits traditional “insider selling pressure” dynamics for preferreds but is not specific to officer holdings .
Employment Terms
| Term | Disclosure |
|---|---|
| Appointment & tenure | Vice President of MYN since 2025; officers serve at the pleasure of the Board (no fixed term disclosed) |
| Contract duration/auto-renewal | Not disclosed in MYN filings |
| Severance & change-of-control | Not disclosed in MYN filings |
| Non-compete / Non-solicit / Garden leave | Not disclosed in MYN filings |
| Indemnification | Officers are indemnified to the extent permitted by law unless they engaged in willful misfeasance, bad faith, gross negligence, or reckless disregard; subject to applicable law limitations |
| Post-termination consulting | Not disclosed in MYN filings |
Performance & Track Record
- Operational execution: Minar signed as Vice President on (i) the Articles of Amendment related to VRDP terms and designation and (ii) the Rule 23c-2 notice enabling redemption of up to 67% of outstanding Series W-7 VRDP Shares between Oct 11, 2025 and Apr 1, 2026, supporting leverage structure management and governance formalities .
- Fund-level market context: The Board adopted a Discount Management Program to tender up to 5% of common shares at 98% of NAV beginning in 2026 if the average discount exceeds 10% over Jan 1–Sept 30, indicating broader shareholder-friendly measures; this program is Board-driven and not tied to Minar’s pay .
Investment Implications
- Compensation alignment: Fund-level pay-for-performance signals are minimal for Minar because executive officers receive no compensation from the Fund and no MYN-linked incentive metrics are disclosed; compensation occurs at BlackRock, outside the proxy’s scope .
- Retention risk: Officers serve at the pleasure of the Board with standard indemnification; no employment contract, severance, or CoC provisions are disclosed for Minar—retention dynamics hinge on BlackRock employment rather than fund-specific agreements .
- Trading signals: With no disclosed officer equity awards or ownership, conventional insider-selling or vesting overhang signals do not apply; governance actions (VRDP redemption authority, merger-related amendments) reflect operational execution but do not directly translate to officer-driven trading signals .