Director at BNY Mellon (NYSE: BK) awarded 1,592 deferred stock units
Rhea-AI Filing Summary
Bank of New York Mellon Corp director Rakefet Russak-Aminoach received a grant of 1,592 Deferred Stock Units as equity compensation. These units convert 1-for-1 into Common Stock and increased her directly held deferred units to 8,305.601.
The deferred stock units vest on the earlier of the company’s 2027 Annual Meeting of Shareholders or one year from the grant date. After her board service ends, vested units are paid in Common Stock in a lump sum or elected annual installments, starting 30 days after service termination. The units also earn dividend equivalents that are reinvested in additional deferred stock units.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Russak-Aminoach Rakefet
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,592 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 8,305.601 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 grant: 8,305.601 units
Vesting trigger: 2027 Annual Meeting / 1 year
+2 more
5 metrics
Deferred stock units granted
1,592 units
Grant to director on 2026-04-17
Deferred units after grant
8,305.601 units
Total directly held following transaction
Vesting trigger
2027 Annual Meeting / 1 year
Earlier of 2027 Annual Meeting or one year from grant
Payout start
30 days
Begins 30th day after termination of director service
Conversion ratio
1-for-1
Each deferred stock unit into one share of Common Stock
Key Terms
Deferred Stock Units, dividend equivalents, Annual Meeting of Shareholders, lump sum
4 terms
Deferred Stock Units financial
"The deferred stock units vest on the earlier of the date of the Corporation's 2027 Annual Meeting of Shareholders"
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.
lump sum financial
"payable in shares of Common Stock either in a lump sum or, if the grantee has so elected, in annual installments"
A lump sum is a single, one-time payment of the full amount owed instead of spreading the same money over multiple smaller payments. For investors, receiving or paying a lump sum affects cash flow, reinvestment opportunities and tax timing—like getting a full paycheck at once rather than regular paychecks—so it changes liquidity, risk exposure and the timing of returns.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Bank of New York Mellon (BK) report for Rakefet Russak-Aminoach?
Rakefet Russak-Aminoach received 1,592 Deferred Stock Units as equity compensation. These units are a grant, not an open-market purchase or sale, and will convert into Common Stock on a 1-for-1 basis when ultimately settled.
How many deferred stock units does the BK director hold after this grant?
After the 1,592-unit grant, the director holds 8,305.601 Deferred Stock Units directly. All these units represent future rights to receive Bank of New York Mellon Common Stock, aligning director compensation with long-term shareholder value.
When do the newly granted BK deferred stock units vest?
The deferred stock units vest on the earlier of the company’s 2027 Annual Meeting of Shareholders or one year from the grant date. This structure ties vesting to both service duration and the shareholder meeting cycle.
How and when are Bank of New York Mellon deferred stock units paid out?
Vested deferred stock units are paid in Common Stock beginning 30 days after the director’s termination of service. Payment can occur either in a single lump sum or in annual installments, depending on the director’s prior election.
Do the BK deferred stock units earn dividends before payout?
Yes. The deferred stock units receive dividend equivalents, which are reinvested into additional deferred stock units. This means the director’s deferred position grows in line with dividends declared on Bank of New York Mellon Common Stock.