CFO of Bank of New York Mellon (NYSE: BK) reports tax-share dispositions
Rhea-AI Filing Summary
Bank of New York Mellon Corp Chief Financial Officer Dermot McDonogh reported tax-related stock transactions in common shares. On February 15, 2026, he disposed of shares in three Form F transactions as payment of tax liabilities tied to vesting Restricted Stock Units. After these withholdings, he directly owned 287,923 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 21,862 shares
Net Sell
3 txns
Insider
McDonogh Dermot
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,858 | $117.74 | $690K |
| Exercise Price or Tax Liability | Common Stock | 9,228 | $117.74 | $1.09M |
| Exercise Price or Tax Liability | Common Stock | 6,776 | $117.74 | $798K |
Holdings After Transaction:
Common Stock — 287,923 shares (Direct)
Footnotes (1)
- F1. Shares withheld in payment of tax liability due to the vesting of previously disclosed Restricted Stock Unit awards.
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FAQ
What did Bank of New York Mellon (BK) CFO Dermot McDonogh report in this Form 4?
CFO Dermot McDonogh reported three tax-withholding stock dispositions in Bank of New York Mellon common shares on February 15, 2026. These transactions settled tax liabilities from vesting Restricted Stock Units, leaving him with direct ownership of 287,923 common shares afterward.
Were Dermot McDonogh’s Bank of New York Mellon (BK) transactions open-market sales?
No, the transactions were coded “F” and described as payment of tax liability by delivering securities. Footnotes clarify the shares were withheld to cover taxes from vesting Restricted Stock Unit awards, rather than discretionary open-market sales for investment purposes.
What does transaction code “F” mean in the Bank of New York Mellon (BK) Form 4?
Transaction code “F” indicates a disposition of shares to pay an exercise price or tax liability by delivering securities. In this case, shares were withheld to satisfy tax obligations arising from previously disclosed Restricted Stock Unit awards that vested on February 15, 2026.
Is the Bank of New York Mellon (BK) CFO’s Form 4 activity considered insider selling?
The filing shows tax-withholding dispositions, not open-market selling for investment reasons. Shares were delivered to cover tax liabilities from vesting Restricted Stock Units. While shares left his ownership, the transactions were mechanical and tied to compensation, rather than discretionary sales.