Gyrator, simulated inductance using an opamp:
https://en.wikipedia.org/wiki/Gyrator
Not sure how practical that would be with RF though...
Back in the day, the term was "reactance tube":
(ARRL Handbook 1971 I think)
Supposedly, the modulation range is quite narrow, a few percent at most.
The tube acts like gain controlled Miller effect, so it can be used wherever a variable reactance (most often C I think, but L could be made as well, in which case the effect would most likely be as a gyrator) is needed. Attached to the oscillator tank, this allows NBFM; to a later tuned circuit, a little PM (you'd need several cascaded stages to get enough variable phase shift for PM of sufficient angle).
And obviously, this all works even better with transistors, there are just better ways of skinning that cat..
Tim