Bank of New York Mellon (BK) director awarded 1,592 deferred stock units as equity grant
Rhea-AI Filing Summary
Echevarria Joseph reported acquisition or exercise transactions in this Form 4 filing.
Bank of New York Mellon Corp director Joseph Echevarria received 1,592 Deferred Stock Units as a grant. These units were awarded at a price of $0.00 per unit and are convertible on a 1-for-1 basis into shares of common stock.
The deferred stock units vest on the earlier of the company’s 2027 annual shareholder meeting or one year from the grant date. After his service as a director ends, the vested units are paid out in common stock either in a lump sum or in annual installments. The units also earn dividend equivalents that are reinvested in additional deferred stock units. Following this award, Echevarria directly holds 45,948.005 deferred stock units.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Echevarria Joseph
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,592 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 45,948.005 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: 45,948.005 units
Grant price per unit: $0.00 per unit
+2 more
5 metrics
Deferred Stock Units granted
1,592 units
Grant to director Joseph Echevarria on April 17, 2026
Units following transaction
45,948.005 units
Total Deferred Stock Units directly held after grant
Grant price per unit
$0.00 per unit
Equity award with no cash paid by the director
Conversion ratio
1-for-1
Each Deferred Stock Unit is payable in one share of common stock
Vesting reference point
2027 Annual Meeting / one year
Vests at earlier of 2027 shareholder meeting or one year from grant
Key Terms
Deferred Stock Units, dividend equivalents, Annual Meeting of Shareholders, termination of service as a director
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.
termination of service as a director financial
"beginning the 30th day following the grantee's termination of service as a director of the Corporation."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Bank of New York Mellon (BK) report for Joseph Echevarria?
Bank of New York Mellon reported that director Joseph Echevarria received a grant of 1,592 Deferred Stock Units. These units convert 1-for-1 into common stock and represent equity-based compensation rather than an open-market share purchase or sale.
When do Joseph Echevarria’s new BK Deferred Stock Units 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 creates a defined vesting horizon tied to both time and the company’s future shareholder meeting.
How are Joseph Echevarria’s BK Deferred Stock Units paid out after vesting?
Once vested, the Deferred Stock Units are settled in shares of Bank of New York Mellon common stock. Payment occurs after Echevarria’s termination of service as director, either in a lump sum or in annual installments, beginning 30 days after service ends.
Do Joseph Echevarria’s BK Deferred Stock Units receive dividends?
Yes. The Deferred Stock Units accrue dividend equivalents that are reinvested into additional Deferred Stock Units. This means any dividends on the underlying common stock effectively increase Echevarria’s deferred unit balance over time instead of being paid out in cash.
How many BK Deferred Stock Units does Joseph Echevarria hold after this grant?
After receiving 1,592 additional Deferred Stock Units, Joseph Echevarria directly holds a total of 45,948.005 deferred units. Each unit is ultimately payable in an equivalent share of Bank of New York Mellon common stock, subject to vesting and payout conditions.
Was cash involved in Joseph Echevarria’s latest BK Form 4 transaction?
No cash changed hands in this transaction. The Form 4 shows a grant of 1,592 Deferred Stock Units at a price of $0.00 per unit, reflecting an equity-based award rather than a purchase of Bank of New York Mellon shares in the open market.