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Bank of New York Mellon Corp·4

Apr 21, 4:20 PM ET

ZOLLAR ALFRED W 4

Research Summary

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Bank of New York Mellon (BK) Director Alfred W. Zollar Receives 1,592 DSUs

What Happened
Alfred W. Zollar, a director of Bank of New York Mellon Corp. (BK), received an award of 1,592 deferred stock units (transaction code A) on April 17, 2026. The filing lists these as derivative awards (no per-share price reported), so no immediate cash purchase or sale occurred — this is compensation, not an open-market trade.

Key Details

  • Transaction date: 2026-04-17; Form 4 filed 2026-04-21 (timely — filed by the second business day after the transaction).
  • Award: 1,592 deferred stock units (DSUs); no dollar value or per-share price reported on the form.
  • Conversion: Footnote indicates a 1-for-1 conversion ratio (F1).
  • Vesting/payable terms (F2): DSUs vest on the earlier of the 2027 Annual Meeting or one year from grant; vested DSUs payable in common shares (lump sum or elected installments) beginning 30 days after the director’s termination of service. DSUs accrue dividend equivalents that are reinvested as additional DSUs.
  • Shares owned after the transaction: not specified in the supplied excerpt.

Context
Deferred stock units are a form of director compensation and typically convert to company shares at vesting or upon departure; they do not represent an immediate sale or purchase and therefore are neutral as an immediate market signal.