Director Jeffrey Goldstein awarded phantom stock at Bank of New York Mellon (BK)
Rhea-AI Filing Summary
Bank of New York Mellon Corp director Jeffrey A. Goldstein received an award of 340.994 phantom stock units of common stock on April 1, 2026. The units were granted under the company’s Deferred Compensation Plan for Directors and are payable at a specified date in shares of common stock. Following this compensation-related acquisition, Goldstein directly holds a reported total of 42,308.4108 common shares.
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Insider Trade Summary
Net Buyer: 340.994 shares
Net Buy
1 txn
Insider
Goldstein Jeffrey A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 340.994 | $120.97 | $41K |
Holdings After Transaction:
Common Stock — 42,308.4108 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: 340.994 units
Reference price per share: $120.97 per share
Shares held after transaction: 42,308.4108 shares
3 metrics
Phantom stock units granted
340.994 units
Compensation award on April 1, 2026
Reference price per share
$120.97 per share
Value applied to granted phantom stock units
Shares held after transaction
42,308.4108 shares
Total directly held BK common stock post-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 Jeffrey Goldstein report in this Form 4 filing?
Jeffrey A. Goldstein reported receiving 340.994 phantom stock units of Bank of New York Mellon common stock. These units were granted as a compensation-related award under the company’s Deferred Compensation Plan for Directors and increase his directly reported holdings to 42,308.4108 common shares.
Is the BK Form 4 transaction a market purchase or a compensation award?
The transaction is a compensation award, not a market purchase. Goldstein received 340.994 phantom stock units coded as an acquisition grant, awarded pursuant to The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors rather than through open-market buying activity.
What is the price reference for the phantom stock units in this BK filing?
The phantom stock units are referenced at a price of $120.97 per share. This per-share figure applies to the 340.994 phantom stock units granted to Goldstein and is used to value the compensation-related acquisition recorded in the Form 4 transaction details.
How is the phantom stock in BK’s Form 4 expected to be settled?
The phantom stock was acquired under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors. According to the footnote, it is payable at a specified future date in shares of the company’s common stock, rather than in cash, aligning with equity-based director compensation.