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

Director Elizabeth Robinson acquired phantom stock in Bank of New York Mellon Corp through a deferred compensation plan.

Summary

• On October 1, 2024, Elizabeth Robinson, a director of Bank of New York Mellon Corp [BK], acquired 131.838 shares of phantom stock.
• The acquisition was made under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors.
• The price per share was $71.11.
• Following the transaction, Robinson directly owns 4,538.0153 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction, neither particularly positive nor negative.

Future Outlook

The phantom stock is payable at a specified date in shares of The Bank of New York Mellon Corporation common stock.

Industry Context

Form 4 filings are routine disclosures of insider transactions and provide transparency into the trading activities of company directors and officers. This transaction reflects standard compensation practices for board members.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves phantom stock granted as part of a director's compensation.

Key Dates