Gilliland Marguerite Amy 4
Research Summary
AI-generated summary
BNY Mellon (BK) Director Marguerite Gilliland Receives Stock Award
What Happened Marguerite Amy Gilliland, a director of Bank of New York Mellon Corp (BK), received a grant of 1,592 deferred stock units (DSUs) on 2026-04-17. This was reported on a Form 4 filed 2026-04-21. The award is recorded as a derivative grant (no cash price reported).
Key Details
- Transaction date: 2026-04-17. Form 4 filed: 2026-04-21 (Accession: 0001193125-26-167005) — appears to be filed after the typical 2-business-day Form 4 window.
- Transaction type/code: A — Award/Grant (deferred stock units; derivative).
- Shares/units granted: 1,592 DSUs. Price: N/A (derivative).
- Shares owned after transaction: Not specified in the filing.
- Footnotes of note:
- F1: DSUs convert 1-for-1 to common shares.
- F2: DSUs vest on the earlier of the 2027 Annual Meeting or one year from grant; vested units payable in 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.
- F3: N/A.
Context This is a routine director compensation award (deferred equity), not an open‑market purchase or sale. DSUs are designed to defer receipt of stock and taxes until a later date and do not by themselves indicate an insider buying or selling for market sentiment reasons.