BNY Mellon director granted deferred stock units
Bank of New York Mellon Corp director Marguerite Amy Gilliland received a grant of deferred stock units.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Bank of New York Mellon Corp director Marguerite Amy Gilliland received a grant of deferred stock units. On the grant date, she acquired 1,592 deferred stock units tied 1-for-1 to shares of Common Stock at a price of $0.00 per unit, bringing her total to 21,726.015 deferred stock 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. After they vest and once her service as a director ends, the units are settled in shares of Common Stock, either in a lump sum or annual installments starting 30 days after termination. These units also pay dividend equivalents that are reinvested into additional deferred stock units.
Insider Trade Summary
Grant/Award: 1,592 shares
Grant/Award
1 txn
Insider
Gilliland Marguerite Amy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,592 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 21,726.015 contracts (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 transaction: 21,726.015 units
Conversion ratio: 1-for-1
+1 more
4 metrics
Deferred stock units granted
1,592 units
Grant/award acquisition on transaction date
Deferred stock units after transaction
21,726.015 units
Total deferred stock units held following grant
Conversion ratio
1-for-1
Each deferred stock unit corresponds to one share of Common Stock
Award price per unit
$0.00 per unit
Grant of deferred stock units at no cash cost to director
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 or one year from the grant date."
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
"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."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Bank of New York Mellon (BK) report for Marguerite Amy Gilliland?
Bank of New York Mellon reported that director Marguerite Amy Gilliland received a grant of deferred stock units. She acquired 1,592 deferred stock units, each linked 1-for-1 to Common Stock, as a compensation-related award rather than an open-market stock purchase or sale.
How many deferred stock units did BK director Gilliland hold after this Form 4 transaction?
After the transaction, Marguerite Amy Gilliland held a total of 21,726.015 deferred stock units. This reflects her new award of 1,592 units added to her prior holdings, all linked to Bank of New York Mellon Common Stock on a 1-for-1 basis according to the filing.
When do Marguerite Amy Gilliland’s Bank of New York Mellon deferred stock units vest?
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. This provides a time-based vesting schedule tied to either board service duration or the specified annual meeting milestone.
How are Bank of New York Mellon deferred stock units for Gilliland ultimately paid out?
Once vested and after her service as a director ends, Gilliland’s deferred stock units are paid in shares of Common Stock. Payment can be made in a lump sum or, if she elected, in annual installments starting 30 days after termination of board service.
Do Gilliland’s Bank of New York Mellon deferred stock units receive dividend equivalents?
Yes. The filing states that the deferred stock units pay dividend equivalents, which are reinvested into additional deferred stock units. This means cash dividends that would apply to equivalent Common Stock are mirrored as extra units credited to her deferred stock unit balance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates