BNY Mellon director gets 744 phantom stock units
Bank of New York Mellon Corp director Joseph Echevarria received an equity-based award under the company’s deferred compensation plan.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Bank of New York Mellon Corp director Joseph Echevarria received an equity-based award under the company’s deferred compensation plan. He acquired 743.986 phantom stock units on common stock, valued at $120.97 per share, bringing his directly held balance to 65,799.4835 shares-equivalent after the transaction.
Insider Trade Summary
Grant/Award: 743.986 shares
Grant/Award
1 txn
Insider
Echevarria Joseph
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 743.986 | $120.97 | $90K |
Holdings After Transaction:
Common Stock — 65,799.4835 shares (Direct)
Holdings Before and After:
Common Stock, 65,055.4975 to 65,799.4835 shares (Direct)
Footnotes (1)
- F1. Phantom stock acquired pursuant to prior election under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors payable at a specified date in shares of The Bank of New York Mellon Corporation common stock.
Key Figures
Phantom stock units granted: 743.986 units
Grant reference price: $120.97 per unit
Holdings after transaction: 65,799.4835 shares-equivalent
3 metrics
Phantom stock units granted
743.986 units
Grant/award acquisition on common stock
Grant reference price
$120.97 per unit
Value per phantom stock unit
Holdings after transaction
65,799.4835 shares-equivalent
Direct ownership following award
Key Terms
Phantom stock, Deferred Compensation Plan for Directors, grant, award, or other acquisition
3 terms
Phantom stock financial
"Phantom stock acquired pursuant to prior election under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
Deferred Compensation Plan for Directors financial
"pursuant to prior election under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors payable at a specified date"
A deferred compensation plan for directors is an arrangement that lets board members postpone receiving part of their pay until a later date—often retirement or a set future time—so the money can grow or be paid under specified conditions. Think of it like directing a portion of your paycheck into a locked savings account that pays out later; investors care because it creates future cash or stock obligations, signals how the company motivates and retains leadership, and can affect shareholder value through timing of payouts or potential dilution.
grant, award, or other acquisition financial
"transaction code description: Grant, award, or other acquisition"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BK director Joseph Echevarria report?
Director Joseph Echevarria reported receiving 743.986 phantom stock units tied to Bank of New York Mellon common stock. The units were granted as an equity-based award under the company’s Deferred Compensation Plan for Directors at a reference value of $120.97 per share.
Was the BK Form 4 transaction an open-market stock purchase or sale?
The Form 4 shows an acquisition coded as a grant or award, not an open-market trade. Echevarria received phantom stock units under a deferred compensation plan, meaning this is compensation-related rather than a discretionary buy or sell in the market.
What is phantom stock in the context of BK’s director compensation?
Phantom stock represents a bookkeeping entry that tracks the value of Bank of New York Mellon common shares without immediate share delivery. Under the Deferred Compensation Plan for Directors, these units are payable at a specified future date in actual company common stock.
At what price was the BK phantom stock award to Echevarria valued?
The phantom stock award to Joseph Echevarria was valued at $120.97 per unit. The grant covered 743.986 units, creating a deferred equity-based compensation position that will ultimately be settled in Bank of New York Mellon common stock at a specified future date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
