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

Sandra O'Connor, a director at Bank of New York Mellon, acquired phantom stock under the company's Deferred Compensation Plan for Directors.

Summary

• On April 1, 2025, Sandra O'Connor, a director of Bank of New York Mellon Corp [BK], acquired 328.28 shares of phantom stock.
• The acquisition was made under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors.
• The price of the stock was $83.77 per share.
• Following the transaction, O'Connor directly owns 5,761.311 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally. The acquisition of phantom stock suggests confidence in the company's future performance.

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 standard executive compensation practices within the financial services industry, where deferred compensation plans are common for directors.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice in the financial industry.
• Companies like JP Morgan Chase, Citigroup, and Goldman Sachs also utilize similar deferred compensation plans to attract and retain board members.
• The specifics of these plans, such as vesting schedules and payout terms, can vary, but the underlying principle of aligning director interests with long-term shareholder value remains consistent.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the long-term performance of the company.

Key Dates

Keywords

Bank of New York Mellon, Director, Phantom Stock, Deferred Compensation, BK, SEC Form 4