Bank of New York Mellon Corp·4

Feb 18, 4:39 PM ET

McCarthy J Kevin 4

Research Summary

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Updated

BNY Mellon GC J. Kevin McCarthy Withholds 14,145 Shares for Taxes

What Happened

  • J. Kevin McCarthy, Senior Executive VP & General Counsel of Bank of New York Mellon (BK), had a total of 14,145 shares withheld on Feb 15, 2026 to satisfy tax liabilities from vested restricted stock units (RSUs). The withholding occurred in three blocks: 5,413 shares, 5,202 shares, and 3,530 shares, each at $117.74 per share, for a combined value of approximately $1,665,432. This is a tax-withholding disposition (code F), a routine administrative action rather than an open‑market sale or a new purchase.

Key Details

  • Transaction date: 2026-02-15; filing date (Form 4): 2026-02-18 — filing appears timely.
  • Price per share reported: $117.74.
  • Shares withheld: 5,413; 5,202; 3,530 — total 14,145 shares; total value ≈ $1,665,432.
  • Transaction code: F (shares withheld to pay tax liability on vesting of previously disclosed RSUs). Footnote: "Shares withheld in payment of tax liability due to the vesting of previously disclosed Restricted Stock Unit awards."
  • Shares owned after the transaction: not specified in the provided filing excerpt.

Context

  • This was a cashless tax-withholding event tied to RSU vesting (not an open-market sale or a purchase). Such withholdings are routine and generally do not by themselves indicate a change in the insider's view of the company's prospects.