Echevarria Joseph 4
4 · Bank of New York Mellon Corp · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
BK Director Joseph Echevarria Receives Phantom Stock Award
What Happened
Joseph Echevarria, a director of Bank of New York Mellon Corp. (BK), received 743.986 shares (phantom stock) as an award/acquisition on April 1, 2026. The filing lists an acquisition price of $120.97 per share, for a total value of $90,000. This was a deferred-compensation award settled in stock (code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-04-01; Price: $120.97 per share; Total value: $90,000.
- Shares acquired: 743.986 (phantom stock under deferred comp plan).
- Shares owned after transaction: not specified in the filing.
- Footnote: F1 — Phantom stock was acquired pursuant to a prior election under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors and is payable in shares on a specified future date.
- Filing date: 2026-04-03; the report appears timely (covers 2026-04-01 transaction).
Context
Phantom stock awards are a form of deferred compensation that will be settled in company shares at a later specified date; they do not represent an immediate open-market purchase and thus are not a direct, active bullish purchase signal. This transaction simply reflects a scheduled payout election under the company director deferred compensation plan.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-01$120.97/sh+743.986$90,000→ 65,799.484 total
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.