Bank of New York Mellon (NYSE: BNY) counsel makes 249-share gift
Rhea-AI Filing Summary
Bank of New York Mellon Corp executive J Kevin McCarthy, SEVP & General Counsel, reported a bona fide gift of 249 shares of common stock on August 5, 2026. The transfer carried no sale price, and he now holds 49,988.607 shares directly. The Rule 10b5-1 trading-plan box was not checked.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 249 shares
Net Sell
1 txn
Insider
McCarthy J Kevin
Role
SEVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 249 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 49,988.607 shares (Direct)
Footnotes (1)
- F1. Represents shares of common stock gifted by the reporting person.
Key Figures
Shares gifted: 249.0000 shares
Price per share: 0.0000
Shares held after transaction: 49,988.6070 shares
+1 more
4 metrics
Shares gifted
249.0000 shares
Bona fide gift of common stock on August 5, 2026
Price per share
0.0000
Reported per-share value for the gifted common stock
Shares held after transaction
49,988.6070 shares
Direct common stock ownership by J Kevin McCarthy following the gift
Gift transactions
1
Single bona fide gift transaction reported in this insider filing
Key Terms
bona fide gift, Rule 10b5-1, Common Stock
3 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Rule 10b5-1 financial
"The Rule 10b5-1 trading-plan box was not checked"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Common Stock financial
"security_title: "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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BNY (Bank of New York Mellon) report for J Kevin McCarthy?
J Kevin McCarthy, SEVP & General Counsel, reported a bona fide gift of 249 common shares of Bank of New York Mellon Corp on August 5, 2026, reducing his position but without any sale proceeds, as the transfer price was reported as $0.0000 per share.
What are J Kevin McCarthy’s remaining BNY holdings after the reported gift?
After the gift, J Kevin McCarthy directly holds 49,988.6070 shares of Bank of New York Mellon common stock. The transaction report classifies these holdings as direct ownership, with no associated derivative positions disclosed in this insider report.
Was the BNY insider gift by J Kevin McCarthy made under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox was not marked, and aff_10b5_one is reported as false. This means the reported bona fide gift of 249 common shares was not executed pursuant to an affirmed Rule 10b5-1 trading plan.
What does transaction code G mean in the BNY Form 4 for J Kevin McCarthy?
Transaction code G denotes a “bona fide gift.” In this case, it reflects McCarthy’s transfer of 249 Bank of New York Mellon common shares without consideration, rather than a market sale or purchase, and is classified as a disposition of shares.
Is the BNY insider transaction by J Kevin McCarthy a buy or a sell?
The transaction is reported as a disposition via gift, not a market buy or sell. The acquired/disposed code is “D,” and the system categorizes the transaction direction as “dispose,” with 249 common shares transferred at a stated price of $0.0000 per share.