Bank of New York Mellon (NYSE: BNY) CFO gifts 31,800 shares to family trust
Rhea-AI Filing Summary
Bank of New York Mellon Corp Chief Financial Officer Dermot McDonogh reported transferring 31,800 shares of Common Stock on July 29, 2026 as a bona fide gift to a family trust, leaving 248,727.25 shares held directly. The family trust then sold 31,800 shares in open-market transactions at weighted average prices, with actual sale prices ranging from $153.35 to $157.18 per share.
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Insights
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Insider Trade Summary
Net Seller: 31,800 shares
Net Sell
6 txns
Insider
McDonogh Dermot
Role
Chief Financial Officer
Sold
31,800 shs ($4.94M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 31,800 | $0.00 | $0.00 |
| Gift | Common Stock F1 | 31,800 | $0.00 | $0.00 |
| Sale | Common Stock F2 | 9,000 | $153.7849 | $1.38M |
| Sale | Common Stock F3 | 5,297 | $154.8973 | $820K |
| Sale | Common Stock F4 | 10,303 | $155.7601 | $1.60M |
| Sale | Common Stock F5 | 7,200 | $156.677 | $1.13M |
Holdings After Transaction:
Common Stock — 248,727.25 shares (Direct);
Common Stock — 0 shares (Indirect, By Family Trust)
Footnotes (5)
- F1. The reporting person contributed shares of Common Stock to a family trust.
- F2. Represents the weighted average price of shares sold with actual prices ranging from $153.35 to $154.26. Upon request by the SEC staff, the issuer, or any security holder of the issuer, the reporting person will provide full information regarding the number of shares sold by the family trust at each separate price within the ranges set forth in footnotes (2) through (5) to this Form 4.
- F3. Represents the weighted average price of shares sold with actual prices ranging from $154.41 to $155.38.
- F4. Represents the weighted average price of shares sold with actual prices ranging from $155.45 to $156.43.
- F5. Represents the weighted average price of shares sold with actual prices ranging from $156.45 to $157.18.
Key Figures
Gifted shares to family trust: 31,800 shares
Direct holdings after gift: 248,727.25 shares
Trust sale tranche 1: 9,000 shares at $153.7849 per share
+4 more
7 metrics
Gifted shares to family trust
31,800 shares
Common Stock contributed as a bona fide gift to a family trust on July 29, 2026
Direct holdings after gift
248,727.25 shares
Common Stock held directly by Dermot McDonogh after contributing 31,800 shares to the family trust
Trust sale tranche 1
9,000 shares at $153.7849 per share
Indirect sale by family trust on July 29, 2026; weighted average price with actuals from $153.35 to $154.26
Trust sale tranche 2
5,297 shares at $154.8973 per share
Indirect sale by family trust; weighted average price with actuals from $154.41 to $155.38
Trust sale tranche 3
10,303 shares at $155.7601 per share
Indirect sale by family trust; weighted average price with actuals from $155.45 to $156.43
Trust sale tranche 4
7,200 shares at $156.6770 per share
Indirect sale by family trust; weighted average price with actuals from $156.45 to $157.18
Gift transactions reported
2
Two bona fide gift transactions (one disposition from direct holdings, one acquisition by family trust)
Key Terms
bona fide gift, weighted average price, family trust
3 terms
bona fide gift regulatory
"Transaction code G is described as a bona fide gift of Common Stock."
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.
weighted average price financial
"Represents the weighted average price of shares sold with actual prices ranging..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
family trust regulatory
"The reporting person contributed shares of Common Stock to a family trust."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider activity did Bank of New York Mellon (BNY) report for CFO Dermot McDonogh?
CFO Dermot McDonogh reported a bona fide gift of 31,800 shares of Bank of New York Mellon Common Stock to a family trust, followed by the trust’s sale of 31,800 shares in multiple open-market transactions on July 29, 2026.
Were Dermot McDonogh’s BNY transactions identified as under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox for these transactions was not marked as affirming a trading plan. The disclosures instead describe a bona fide gift to a family trust and subsequent open-market sales by that trust, without indicating they were executed under a pre-arranged plan.