BNY Mellon director granted phantom stock units
Bank of New York Mellon Corp director Joseph Echevarria acquired 616.3539 phantom stock units tied to common stock as a compensation grant.
Rhea-AI Filing Summary
Bank of New York Mellon Corp director Joseph Echevarria acquired 616.3539 phantom stock units tied to common stock as a compensation grant. The grant was valued at $146.02 per unit and was made under the company’s Deferred Compensation Plan for Directors.
The phantom stock will be paid at a specified future date in shares of Bank of New York Mellon common stock. Following this award, Echevarria’s directly held position reported in this filing is 66,683.069 shares, indicating this is a relatively small, routine compensation-related addition to his holdings.
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Insider Trade Summary
Grant/Award: 616.3539 shares
Grant/Award
1 txn
Insider
Echevarria Joseph
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 616.3539 | $146.02 | $90K |
Holdings After Transaction:
Common Stock — 66,683.069 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: 616.3539 units
Grant reference price: $146.02 per unit
Shares held after transaction: 66,683.069 shares
+2 more
5 metrics
Phantom stock units granted
616.3539 units
Grant to director Joseph Echevarria on July 1, 2026
Grant reference price
$146.02 per unit
Value used for phantom stock grant
Shares held after transaction
66,683.069 shares
Direct holdings reported following the award
Transaction code
A (Grant, award, or other acquisition)
Non-derivative acquisition reported on Form 4
Transaction direction
Acquire
Compensation-related equity acquisition
Key Terms
Phantom stock, Deferred Compensation Plan for Directors, Common Stock, Form 4
4 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"
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.
Common Stock financial
"payable at a specified date in shares of The Bank of New York Mellon Corporation common stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did BNY (Bank of New York Mellon) director Joseph Echevarria receive in this Form 4 filing?
Director Joseph Echevarria received 616.3539 phantom stock units as a compensation-related grant. These units track Bank of New York Mellon common stock value and will be settled in actual shares at a future specified date under the company’s director deferred compensation plan.
Is Joseph Echevarria’s BNY Form 4 transaction an open-market stock purchase?
No, the Form 4 shows a grant of phantom stock units, not an open-market stock purchase. The units were acquired under the Bank of New York Mellon Deferred Compensation Plan for Directors, reflecting non-cash director compensation rather than discretionary buying in the public market.
At what reference price were the BNY phantom stock units granted to director Joseph Echevarria?
The phantom stock units were granted at a reference price of $146.02 per unit. This price is used to determine the value of the 616.3539 units granted, which are payable later in Bank of New York Mellon common stock under the director deferred compensation plan.
What does the phantom stock grant in BNY’s Form 4 imply about director compensation?
The phantom stock grant indicates part of director compensation is delivered in equity-linked units instead of immediate cash. These units mirror Bank of New York Mellon’s common stock performance and are paid in shares at a future date, helping align director interests with long-term shareholder outcomes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
