Bank of New York Mellon (NYSE: BNY) director receives phantom stock grant
Rhea-AI Filing Summary
Bank of New York Mellon Corp director Sandra O'Connor received an equity-based award of 188.3304 common stock equivalents. The award is described as phantom stock acquired under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors and will be paid in shares of common stock at a specified future date. Following this grant, O'Connor's direct holdings reported in this filing total 7,115.5407 shares or share equivalents of common stock. This transaction is classified as a grant or award rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 188.3304 shares
Net Buy
1 txn
Insider
O'CONNOR SANDRA
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 188.3304 | $146.02 | $28K |
Holdings After Transaction:
Common Stock — 7,115.5407 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: 188.3304 units
Reference price per unit: $146.0200 per share
Total holdings after grant: 7,115.5407 shares
3 metrics
Phantom stock units granted
188.3304 units
Grant under Deferred Compensation Plan for Directors
Reference price per unit
$146.0200 per share
Value used for reported phantom stock grant
Total holdings after grant
7,115.5407 shares
Common stock or equivalents held directly after transaction
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
"acquired 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 A is described as Grant, award, or other acquisition"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Bank of New York Mellon Corp (BNY) director Sandra O'Connor report on this Form 4?
Sandra O'Connor reported receiving 188.3304 phantom stock units as a grant under a director deferred compensation plan. These units are payable later in shares of Bank of New York Mellon common stock, increasing her reported direct holdings to 7,115.5407 share equivalents.
Was the Bank of New York Mellon (BNY) transaction a stock purchase or sale by Sandra O'Connor?
The transaction was not an open-market purchase or sale. It is classified as a grant or award acquisition of 188.3304 phantom stock units, received as part of director compensation rather than a discretionary buy or sell in the market.
What is the nature of the phantom stock granted to Bank of New York Mellon (BNY) director Sandra O'Connor?
The phantom stock was acquired under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors. It represents stock-based units that will be paid at a specified future date in shares of Bank of New York Mellon common stock, rather than immediate cash.
At what reference price was Sandra O'Connor’s Bank of New York Mellon (BNY) phantom stock grant recorded?
The 188.3304 phantom stock units were recorded at a reference price of $146.0200 per share. This price is used for reporting purposes in the Form 4 and reflects the per-unit value at the time of the grant.