Director at Bank of New York Mellon (NYSE: BK) receives 1,592 units
Rhea-AI Filing Summary
Lowrey Charles F reported acquisition or exercise transactions in this Form 4 filing.
Bank of New York Mellon Corp director Charles F. Lowrey received a grant of 1,592 deferred stock units tied to common shares. These units were awarded at a price of $0.00 as part of director compensation and are convertible into an equal number of common shares on a 1-for-1 basis.
The deferred stock units vest on the earlier of the company’s 2027 Annual Meeting of Shareholders or one year from the grant date, and are paid in common stock after Lowrey’s service as a director ends, either in a lump sum or elected annual installments. The units also accrue dividend equivalents that are reinvested into additional deferred stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lowrey Charles F
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,592 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 1,592 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
Grant price per unit: $0.00 per unit
Conversion ratio: 1-for-1
3 metrics
Deferred stock units granted
1,592 units
Grant of deferred stock units to director on April 17, 2026
Grant price per unit
$0.00 per unit
Compensation award, not an open-market purchase
Conversion ratio
1-for-1
Each deferred stock unit convertible into one share of common stock
Key Terms
Deferred Stock Units, dividend equivalents, Annual Meeting of Shareholders
3 terms
Deferred Stock Units financial
"security_title: "Deferred Stock Units" and underlying security is 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did the Bank of New York Mellon (BK) Form 4 report for Charles F. Lowrey?
The Form 4 reports that director Charles F. Lowrey received 1,592 deferred stock units from Bank of New York Mellon. These units are part of director compensation, convert 1-for-1 into common stock, and vest based on service through the 2027 Annual Meeting or one year from grant.
How many deferred stock units did Charles F. Lowrey receive from BK?
Charles F. Lowrey received 1,592 deferred stock units from Bank of New York Mellon. Each unit is linked 1-for-1 to a share of common stock, vesting on the earlier of the 2027 Annual Meeting of Shareholders or one year after the grant date, subject to his continued board service.
When do Charles F. Lowrey’s BK deferred stock units vest and pay out?
The 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. Once Lowrey’s service as a director ends, vested units are paid in common stock either in a lump sum or in elected annual installments.
How are dividend equivalents handled on BK deferred stock units granted to Charles F. Lowrey?
Dividend equivalents on Lowrey’s deferred stock units are credited and reinvested into additional deferred stock units. This means any dividends that would be paid on the underlying common stock are mirrored as extra units, increasing his deferred stock unit balance over time while the award remains outstanding.
Are Charles F. Lowrey’s BK deferred stock units a cash purchase or a compensation award?
The deferred stock units are a compensation award, not a cash purchase. They were granted at a transaction price of $0.00 per unit, reflecting a grant or award acquisition for director service rather than an open-market buy, and will be settled later in shares of common stock.