Form 4: Linda Z. Cook, Bank of New York Mellon Director, Acquires Deferred Stock Units

Director Linda Z. Cook acquired 3,581 deferred stock units in Bank of New York Mellon Corp on April 17, 2024.

Summary

• Linda Z. Cook, a director of Bank of New York Mellon Corp, acquired 3,581 deferred stock units on April 17, 2024.
• These deferred stock units vest on the earlier of the Corporation's 2025 Annual Meeting of Shareholders or one year from the grant date.
• Vested deferred stock units are payable in shares of Common Stock either in a lump sum or in annual installments, beginning 30 days after termination of service as a director.
• Dividend equivalents are reinvested in additional deferred stock units.
• Following the transaction, Cook beneficially owns 31,829.312 shares of Common Stock.
• A Power of Attorney was executed on December 12, 2023, authorizing attorneys-in-fact to act on Cook's behalf for SEC filings and related matters.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing indicating a director's acquisition of deferred stock units. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The acquisition of deferred stock units by a director signals confidence in the company's future performance.

Future Outlook

The deferred stock units vest on the earlier of the Corporation's 2025 Annual Meeting of Shareholders or one year from the grant date, and are payable in shares of Common Stock after termination of service as a director.

Industry Context

This filing is a routine disclosure of a director's acquisition of deferred stock units, which is a common form of executive compensation in publicly traded companies.

Stakeholder Impact

• The acquisition of deferred stock units aligns the director's interests with those of the shareholders.

Key Dates