Bank of New York Mellon (BNY) director receives 72.7640-share phantom stock award
Rhea-AI Filing Summary
Bank of New York Mellon Corp director Elizabeth Robinson received a grant of 72.7640 shares of common stock-equivalent phantom stock valued at $146.0200 per share. The award was made under the company’s Deferred Compensation Plan for Directors and will be payable in common shares at a specified future date.
Following this compensation-related acquisition, Robinson’s direct holdings reported in this filing total 5414.6635 shares. This is a routine non-cash director compensation grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 72.764 shares
Net Buy
1 txn
Insider
Robinson Elizabeth
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 72.764 | $146.02 | $11K |
Holdings After Transaction:
Common Stock — 5,414.6635 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: 72.7640 shares
Grant valuation price: $146.0200 per share
Total shares after transaction: 5414.6635 shares
3 metrics
Phantom stock units granted
72.7640 shares
Director award under Deferred Compensation Plan for Directors
Grant valuation price
$146.0200 per share
Value used to determine size of phantom stock award
Total shares after transaction
5414.6635 shares
Direct holdings reported following the 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"
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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did BNY (Bank of New York Mellon) director Elizabeth Robinson report in this Form 4?
Elizabeth Robinson reported receiving 72.7640 shares of common stock-equivalent phantom stock as director compensation at $146.0200 per share. This award is part of a deferred compensation plan and is not an open-market stock purchase.
Is Elizabeth Robinson’s BNY Form 4 transaction a stock purchase or a compensation grant?
The transaction is a compensation grant, not a market purchase. Robinson acquired 72.7640 phantom stock units under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors, payable later in common shares rather than bought on the open market.
What is phantom stock in the context of BNY’s director deferred compensation plan?
Phantom stock is a bookkeeping unit that tracks the value of common shares without immediate share delivery. Under BNY’s Deferred Compensation Plan for Directors, these units are later settled in actual common stock, aligning director compensation with shareholder interests over time.
At what price was Elizabeth Robinson’s BNY phantom stock award valued?
The 72.7640 phantom stock units were valued at $146.0200 per share. This value determines the size of the award under the deferred compensation plan and helps translate the grant into a specific number of share-equivalent units for future settlement.