[Form 3] BNY MELLON STRATEGIC MUNICIPALS, INC. Initial Statement of Beneficial Ownership
Lisa M King, identified as Vice President and Assistant Secretary, filed an initial Form 3 for BNY Mellon Strategic Municipals, Inc. (LEO) relating to an event on 03/31/2024. The filing discloses 0 shares of Common Stock, par value $0.001 per share, beneficially owned by the reporting person. The form is signed by Lisa M King with a signature date shown as 09/29/2025. No derivative securities are reported and no indirect ownership is indicated in the submission.
- None.
- None.
Insights
TL;DR: Initial insider filing shows no direct common-stock holdings; no material change to shareholder composition.
The Form 3 documents an initial Section 16 filing by an officer of the issuer that reports zero direct ownership of common stock and no derivatives. From a market-impact perspective, this disclosure is informational and non-material because it does not indicate a stake that would affect control, dilution, or voting outcomes. The filing satisfies reporting obligations but contains no transactions, holdings, or option grants that would influence valuation or liquidity.
TL;DR: Governance disclosure completed; absence of holdings reduces conflict-of-interest signals but provides limited investor insight.
The report fulfills the requirement for an initial beneficial-ownership statement by a company officer. Reporting a zero-share position clarifies that the officer does not currently hold equity in the issuer, which may be relevant for assessing alignment with shareholders. However, because there are no securities reported and no indirect ownership or derivative positions disclosed, the form does not provide substantive governance risks or incentives to evaluate.