Form 4: Bank of New York Mellon Corp Executive Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
J Kevin McCarthy, SEVP & General Counsel of Bank of New York Mellon Corp, disposed of shares to cover tax liabilities arising from vesting restricted stock units.
Summary
- On February 15, 2025, J Kevin McCarthy, SEVP & General Counsel of Bank of New York Mellon Corp, disposed of common stock to cover tax obligations.
- A total of 13,107 shares were disposed of at a price of $87.84 per share.
- Following the transactions, McCarthy directly owns 62,654.81 shares of Bank of New York Mellon Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock disposals for tax purposes, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. Disposals to cover tax liabilities are common when restricted stock units vest.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of stock disposal transactions |
| 02/19/2025 | Date of signature for the Form 4 filing |
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