Form 4: Bank of New York Mellon Director Acquires Additional Phantom Stock

Jeffrey A. Goldstein, a director at Bank of New York Mellon Corp, acquired 644.651 shares of phantom stock at $60.11 per share on July 1, 2024, through the company's Deferred Compensation Plan for Directors.

Summary

• On July 1, 2024, Jeffrey A. Goldstein, a director of Bank of New York Mellon Corp, acquired 644.651 shares of phantom stock.
• The acquisition was made at a price of $60.11 per share.
• This transaction was conducted under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors.
• Following the transaction, Goldstein's direct ownership increased to 37,744.8207 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine insider activity related to a compensation plan, indicating confidence in the company's long-term prospects.

Future Outlook

The phantom stock is payable at a specified date in shares of The Bank of New York Mellon Corporation common stock, according to the Deferred Compensation Plan for Directors.

Industry Context

This filing reflects routine transactions by company insiders and is typical for executives participating in deferred compensation plans. It indicates ongoing participation in company benefit programs.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves phantom stock acquired through a deferred compensation plan.

Key Dates