Director at Bank of New York Mellon (NYSE: BK) gets stock award
Rhea-AI Filing Summary
Robinson Elizabeth reported acquisition or exercise transactions in this Form 4 filing.
Bank of New York Mellon Corp director Elizabeth Robinson received an equity-based award of 87.8320 phantom stock units valued at $120.9700 per unit. The award was granted under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors.
The phantom stock is payable at a specified future date in shares of Bank of New York Mellon common stock rather than being an open-market purchase. Following this grant, Robinson’s direct holdings reported in this filing total 5,320.2922 shares-related units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 87.832 shares
Net Buy
1 txn
Insider
Robinson Elizabeth
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 87.832 | $120.97 | $11K |
Holdings After Transaction:
Common Stock — 5,320.2922 shares (Direct)
Footnotes (1)
- F1. Phantom stock acquired pursuant to prior election under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors payable at a specified date in shares of The Bank of New York Mellon Corporation common stock.
Key Figures
Phantom stock units granted: 87.8320 units
Grant value per unit: $120.9700 per unit
Holdings after transaction: 5,320.2922 units
3 metrics
Phantom stock units granted
87.8320 units
Equity award to director on April 1, 2026
Grant value per unit
$120.9700 per unit
Value of each phantom stock unit on grant
Holdings after transaction
5,320.2922 units
Director’s direct holdings following the award
Key Terms
phantom stock, Deferred Compensation Plan for Directors, Grant, award, or other acquisition
3 terms
phantom stock financial
"Phantom stock acquired pursuant to prior election under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan for Directors financial
"acquired pursuant to prior election under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors"
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did BK director Elizabeth Robinson report in this Form 4?
Elizabeth Robinson reported receiving 87.8320 phantom stock units as an equity award. The units are linked to Bank of New York Mellon common stock and were valued at $120.9700 each, increasing her reported holdings to 5,320.2922 units.
Was the BK Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant, not a market purchase. Code A indicates a grant or award acquisition of 87.8320 phantom stock units, issued under a deferred compensation plan for directors rather than through open-market buying.
What is the value of the phantom stock units granted to the BK director?
Each phantom stock unit was valued at $120.9700 on the grant date. With 87.8320 units awarded, the Form 4 reflects compensation tied to Bank of New York Mellon stock, payable in shares at a future specified date.
What plan governs the BK phantom stock reported in this Form 4?
The phantom stock was acquired under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors. Under this plan, directors can elect to receive compensation as phantom stock payable later in shares of the company’s common stock.