Form 4: Bank of New York Mellon CFO McDonogh Reports Stock Disposals for Tax Obligations

Dermot McDonogh, CFO of Bank of New York Mellon, reports disposals of common stock to cover tax liabilities arising from vesting restricted stock units.

Summary

• On February 15, 2025, Dermot McDonogh, the Chief Financial Officer of Bank of New York Mellon Corp [BK], disposed of 5,858 and 9,228 shares of common stock.
• The disposals were executed to cover tax liabilities related to the vesting of previously disclosed Restricted Stock Unit awards.
• The price per share for both transactions was $87.84.
• Following these transactions, McDonogh directly owns 312,187 shares of Bank of New York Mellon common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares involved.

Key Dates