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

Dermot McDonogh, CFO of Bank of New York Mellon, reported the disposal of shares to cover tax liabilities arising from the vesting of restricted stock units.

Summary

• On February 28, 2025, Dermot McDonogh, the Chief Financial Officer of Bank of New York Mellon Corp [BK], disposed of 5,109 shares of common stock at a price of $88.95 to cover tax liabilities.
• Additionally, McDonogh disposed of 34,080 shares of common stock, also at $88.95, for the same reason.
• Following these transactions, McDonogh directly owns 272,998 shares of Bank of New York Mellon common stock.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the executive's stock ownership.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock units vest.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to tax obligations and do not indicate a change in the executive's long-term confidence in the company.

Key Dates