O'CONNOR SANDRA 4
Research Summary
AI-generated summary
Bank of New York Mellon (BNY) Director Sandra O'Connor Receives Award
What Happened
- Sandra O'Connor, a director of Bank of New York Mellon Corp (BNY), was credited with 188.33 shares (phantom stock) on 2026-07-01. The filing lists a per-share value of $146.02 for a total value of $27,500. This was an award/acquisition under a deferred compensation arrangement, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-07-01; reported on Form 4 filed 2026-07-06.
- Transaction type: Award/Grant (code A) — 188.33 shares at $146.02 each; total $27,500.
- Shares owned after the transaction: Not specified on this Form 4.
- Footnote: Phantom stock was acquired pursuant to a prior election under The Bank of New York Mellon Corporation Deferred Compensation Plan for Directors, payable in shares at a specified date (see footnote F1).
- Timeliness: The Form 4 was filed July 6 for a July 1 transaction (appears later than the typical 2-business-day reporting window for insiders).
Context
- This was a deferred-compensation payout in phantom shares previously elected by the director; such awards are compensation-related and not the same as a cash buy or sale. These transactions are typically routine and do not necessarily reflect a change in the insider’s view of the company.