Form 4: BNY Mellon Director Acquires Phantom Stock

Joseph Echevarria, a Director at Bank of New York Mellon Corp, acquired phantom stock units valued at $146.02 per share.

Summary

• Joseph Echevarria, a Director at Bank of New York Mellon Corp (BNY), acquired 616.3539 phantom stock units on July 1, 2026.
• The acquisition was made under a prior election for The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors.
• These phantom stock units are payable in shares of BNY common stock at a specified future date.
• The acquisition price per share was $146.02.
• Following this transaction, Echevarria beneficially owns 66,683.069 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it represents a routine transaction related to director compensation rather than a significant strategic or financial event.

Positives

• Director acquisition of company stock can signal confidence in the company's future prospects.
• The transaction is part of a pre-existing deferred compensation plan, indicating a structured approach to director compensation.

Future Outlook

The phantom stock acquired is payable in shares of common stock at a specified future date, indicating a future distribution of equity.

Industry Context

StockSavvy.ai notes that director stock acquisitions, particularly through deferred compensation plans, are common within the financial services industry as a method to align executive and director interests with shareholders.

Stakeholder Impact

• Shareholders: The acquisition by a director may be viewed positively as a sign of commitment, but it does not represent new capital for the company.

Next Steps

• The phantom stock units will be paid out in shares of common stock at a specified future date.

Key Dates

Keywords

Bank of New York Mellon, BNY, Form 4, Director, Phantom Stock, Deferred Compensation, Beneficial Ownership, Securities Exchange Act