BNY Mellon (BK) director Linda Z. Cook granted 1,592 deferred stock units
Rhea-AI Filing Summary
COOK LINDA Z reported acquisition or exercise transactions in this Form 4 filing.
Bank of New York Mellon Corp director Linda Z. Cook received a grant of 1,592 Deferred Stock Units tied to common stock. Each unit is convertible into one share of common stock, bringing her total reported deferred stock unit holdings to 37,892.107 units.
The deferred stock 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 shares of common stock after her service as a director ends, either in a lump sum or in annual installments. The units also earn dividend equivalents, which are reinvested into additional deferred stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
COOK LINDA Z
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,592 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 37,892.107 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 stock units after grant: 37,892.107 units
Conversion ratio: 1-for-1
+1 more
4 metrics
Deferred stock units granted
1,592 units
Grant/award acquisition on 2026-04-17
Deferred stock units after grant
37,892.107 units
Total reported holdings following transaction
Conversion ratio
1-for-1
Each deferred stock unit payable in one common share
Vesting trigger
2027 meeting or 1 year
Earlier of 2027 Annual Meeting or one year from grant date
Key Terms
Deferred Stock Units, dividend equivalents, Annual Meeting of Shareholders, deferred stock units vest
4 terms
Deferred Stock Units financial
"security_title: "Deferred Stock Units" and described as payable in shares of Common Stock"
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.
deferred stock units vest financial
"The deferred stock units vest on the earlier of the date of the Corporation's 2027 Annual Meeting"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Bank of New York Mellon (BK) report for Linda Z. Cook?
Bank of New York Mellon reported that director Linda Z. Cook received 1,592 Deferred Stock Units as a grant. These units are linked 1-for-1 to common stock and increase her total deferred stock unit balance to 37,892.107 units, reflecting routine director compensation.
How many deferred stock units does Linda Z. Cook now hold in BK?
After the latest grant, Linda Z. Cook holds 37,892.107 Deferred Stock Units tied to Bank of New York Mellon common stock. This total includes the new 1,592-unit award and represents deferred equity compensation accumulated from her service as a director over time.
When do Linda Z. Cook’s new BK deferred stock units vest?
The new 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 vesting schedule aligns with typical director compensation practices and links vesting to continued board service through that timeframe.
How are Linda Z. Cook’s BK deferred stock units paid out after vesting?
Once vested, Linda Z. Cook’s deferred stock units are payable in Bank of New York Mellon common stock after her board service ends. Payment can occur in a single lump sum or in annual installments, beginning 30 days following her termination of service as a director.
Do BK deferred stock units for Linda Z. Cook receive dividend equivalents?
Yes. The deferred stock units credited to Linda Z. Cook receive dividend equivalents that are reinvested into additional deferred stock units. This means any dividends paid on Bank of New York Mellon common stock generate more units, gradually increasing her deferred equity position over time.