Kurimsky Kurtis R. 4
Research Summary
AI-generated summary
BK — Controller Kurtis R. Kurimsky Receives 6,990 RSUs
What Happened
Kurtis R. Kurimsky, Corporate Controller of Bank of New York Mellon (BK), was granted 6,990 restricted stock units (RSUs) on February 2, 2026. The award shows an acquisition price of $0.00 (a grant), so no cash was exchanged. This is a compensation award, not an open-market purchase or sale.
Key Details
- Transaction type: Award/Grant (code A) of 6,990 RSUs on 2026-02-02; reported on Form 4 filed 2026-02-04.
- Price/Value shown: $0.00 at grant (units represent future delivery of common stock if vested).
- Vesting: Units vest in annual increments of one-third beginning February 15, 2027; vested units will be settled in common stock (per footnote F1).
- Shares owned after transaction: Not specified in the provided excerpt.
- Filing timeliness: Report filed two days after the transaction date (appears timely).
- Remarks: Filing includes a Power of Attorney (Ex. 24).
Context
RSU grants are a common form of executive/employee compensation and represent a right to receive shares in the future if vesting conditions are met. They do not involve an immediate purchase or sale and do not by themselves indicate buying pressure; instead they reflect company compensation decisions.
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