Director at Bank of New York Mellon (NYSE: BK) receives 1,592 deferred units
Rhea-AI Filing Summary
Bank of New York Mellon Corp director Alfred W. Zollar received a grant of 1,592 Deferred Stock Units tied to common stock. These units convert 1-for-1 into common shares.
The deferred stock units vest on the earlier of the company’s 2027 annual shareholder meeting or one year from the grant date. After vesting, they are paid in common stock in a lump sum or annual installments starting 30 days after Zollar’s service as a director ends. The units also earn dividend equivalents that are reinvested into additional deferred stock units. Following this grant, Zollar directly holds 31,473.32 deferred stock units.
Positive
- None.
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- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ZOLLAR ALFRED W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,592 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 31,473.32 shares (Direct)
Footnotes (3)
- F1. 1-for-1.
- F2. The deferred stock units vest on the earlier of the date of the Corporation's 2027 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, if the grantee has so elected, in annual installments, in each case beginning the 30th day following the grantee's termination of service as a director of the Corporation. Deferred stock units pay dividend equivalents which are reinvented in additional deferred stock units.
- F3. N/A.
Key Figures
Deferred Stock Units granted: 1,592 units
Units following transaction: 31,473.32 units
Conversion ratio: 1-for-1
+2 more
5 metrics
Deferred Stock Units granted
1,592 units
Grant on 2026-04-17 to director Alfred W. Zollar
Units following transaction
31,473.32 units
Total Deferred Stock Units directly held after grant
Conversion ratio
1-for-1
Each Deferred Stock Unit into one share of common stock
Vesting trigger
2027 meeting / 1 year
Earlier of 2027 Annual Meeting or one year from grant
Payout start
30th day post-termination
Payments in stock begin after director service ends
Key Terms
Deferred Stock Units, dividend equivalents, Annual Meeting of Shareholders, grant, award, or other acquisition
4 terms
Deferred Stock Units financial
"security_title: "Deferred Stock Units""
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"Deferred stock units pay dividend equivalents which are reinvented in additional deferred stock units."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
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 Bank of New York Mellon (BK) director Alfred W. Zollar receive in this Form 4?
Alfred W. Zollar received a grant of 1,592 Deferred Stock Units linked to Bank of New York Mellon common stock. These units are compensation, convert 1-for-1 into shares, and increase his directly held deferred stock units to 31,473.32 after the transaction.
When do Alfred W. Zollar’s 1,592 Deferred Stock Units at BK vest?
The 1,592 Deferred Stock Units vest on the earlier of Bank of New York Mellon’s 2027 Annual Meeting of Shareholders or one year from the grant date. This dual condition sets a clear maximum vesting timeline while allowing earlier vesting if the shareholder meeting occurs first.
How are the vested Deferred Stock Units for BK’s Alfred W. Zollar paid out?
Vested Deferred Stock Units are payable in Bank of New York Mellon common stock, either in a lump sum or annual installments. Payments begin on the 30th day after Zollar’s termination of service as a director, following his prior election of payout structure if applicable.
What is the conversion ratio for Alfred W. Zollar’s Deferred Stock Units at BK?
Each Deferred Stock Unit converts into Bank of New York Mellon common stock on a 1-for-1 basis. This means the 1,592 units granted represent rights to receive 1,592 shares of common stock, subject to vesting and the timing rules described in the compensation plan.
Do Alfred W. Zollar’s Deferred Stock Units at BK earn dividends?
Yes, the Deferred Stock Units receive dividend equivalents that are reinvested into additional Deferred Stock Units. Instead of cash, any dividends on the underlying common stock increase the number of units, compounding the director’s deferred equity-based compensation over time.
How many Deferred Stock Units does Alfred W. Zollar hold after this BK grant?
After the grant of 1,592 Deferred Stock Units, Alfred W. Zollar directly holds 31,473.32 Deferred Stock Units. This figure reflects his total direct position in these equity-based awards as reported following the April 17, 2026 grant transaction.