Director at Bank of New York Mellon (NYSE: BK) receives 1,592 deferred stock units
Rhea-AI Filing Summary
Bank of New York Mellon Corp director Jeffrey A. Goldstein received a grant of 1,592 Deferred Stock Units. These units convert 1-for-1 into common stock and increase his deferred stock holdings to 51,090.988 units.
The deferred units vest on the earlier of the company’s 2027 Annual Meeting of Shareholders or one year from the grant date. Once vested, they are settled in common shares after his service as a director ends, either in a lump sum or annual installments. The units also earn dividend equivalents that are reinvested into additional deferred stock units.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Goldstein Jeffrey A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,592 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 51,090.988 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
Deferred units after transaction: 51,090.988 units
Conversion ratio: 1-for-1
+2 more
5 metrics
Deferred stock units granted
1,592 units
Grant to director on 2026-04-17
Deferred units after transaction
51,090.988 units
Total deferred stock units held following grant
Conversion ratio
1-for-1
Each deferred stock unit payable in one share of common stock
Vesting trigger
2027 Annual Meeting or 1 year
Vests earlier of 2027 Annual Meeting or one year from grant date
Dividend equivalents
Reinvested in units
Dividend equivalents are reinvested into additional deferred stock units
Key Terms
Deferred Stock Units, dividend equivalents, Annual Meeting of Shareholders, vest
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.
vest financial
"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."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Jeffrey A. Goldstein report in this Form 4 for BK?
Jeffrey A. Goldstein reported receiving a grant of 1,592 Deferred Stock Units tied to Bank of New York Mellon Corp (BK). These units are a form of stock-based director compensation that will convert into common shares at a future settlement date.
How many deferred stock units does the BK director hold after this grant?
After this grant, the director holds a total of 51,090.988 Deferred Stock Units. This figure reflects his accumulated deferred equity compensation in Bank of New York Mellon Corp (BK), which will ultimately be payable in shares of common stock.
When do the new BK deferred stock units granted to the director vest?
The newly granted deferred stock units vest on the earlier of the 2027 Annual Meeting of Shareholders or one year from the grant date. This schedule defines when the director’s right to receive the underlying BK common shares becomes fully earned.
How are the BK deferred stock units settled once the director leaves the board?
Once the director’s service ends, vested deferred stock units are paid in shares of common stock. Payment begins on the 30th day after termination and may be made in a single lump sum or annual installments, depending on the director’s prior election.
Do the BK deferred stock units earn dividends for the director?
Yes. The deferred stock units pay dividend equivalents that are automatically reinvested into additional deferred stock units. This means the director’s BK deferred holdings grow over time as dividends on the underlying common stock are credited.
What is the conversion ratio of the BK deferred stock units into common stock?
Each deferred stock unit converts into one share of BK common stock on settlement, based on a disclosed 1-for-1 ratio. This direct linkage makes the value of the director’s deferred units track the performance of Bank of New York Mellon Corp shares.