Bank of New York Mellon (NYSE: BK) director receives 1,592 deferred stock units
Rhea-AI Filing Summary
O'CONNOR SANDRA reported acquisition or exercise transactions in this Form 4 filing.
Bank of New York Mellon Corp director Sandra O’Connor received a grant of 1,592 Deferred Stock Units tied to common stock as compensation. These units are convertible into an equal number of common shares and bring her total deferred stock unit holdings to 17,195.12 units.
The units vest on the earlier of the company’s 2027 Annual Meeting of Shareholders or one year from the grant date, and are paid in common stock after she leaves the board. The award also earns dividend equivalents that are reinvested into additional deferred stock units, increasing her long-term equity-based exposure to the company.
Positive
- None.
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
O'CONNOR SANDRA
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Deferred Stock Units | 1,592 | $0.00 | $0.00 |
Holdings After Transaction:
Deferred Stock Units — 17,195.12 shares (Direct)
Footnotes (3)
- F1. 1-for-1.
- F2. The deferred stock units vest on the earlier of the date of the Corporation's 2027 Annual Meeting of Shareholders or one year from the grant date. Vested deferred stock units are payable in shares of Common Stock either in a lump sum or, if the grantee has so elected, in annual installments, in each case beginning the 30th day following the grantee's termination of service as a director of the Corporation. Deferred stock units pay dividend equivalents which are reinvented in additional deferred stock units.
- F3. N/A.
Key Figures
Deferred Stock Units granted: 1,592 units
Deferred Stock Units after grant: 17,195.12 units
Grant price per unit: $0.00
+1 more
4 metrics
Deferred Stock Units granted
1,592 units
Director award dated April 17, 2026
Deferred Stock Units after grant
17,195.12 units
Total DSU holdings following transaction
Grant price per unit
$0.00
Compensation grant, not market purchase
Conversion ratio
1-for-1
Each Deferred Stock Unit into one common share
Key Terms
Deferred Stock Units, dividend equivalents, Annual Meeting of Shareholders
3 terms
Deferred Stock Units financial
"The deferred stock units vest on the earlier of the date of the Corporation's 2027 Annual Meeting of Shareholders..."
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
dividend equivalents financial
"Deferred stock units pay dividend equivalents which are reinvented in additional deferred stock units."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BK director Sandra O’Connor report on this Form 4?
Sandra O’Connor reported receiving 1,592 Deferred Stock Units as a compensation award. Each unit is linked 1-for-1 to Bank of New York Mellon common stock, increasing her deferred equity-based stake in the company to 17,195.12 units following the grant.
Is Sandra O’Connor’s BK Form 4 transaction a market purchase or sale?
The Form 4 shows a compensation-related grant, not a market trade. O’Connor acquired 1,592 Deferred Stock Units at a price of $0.00 per unit under a director award, so there was no open-market buying or selling activity in Bank of New York Mellon shares.
When do Sandra O’Connor’s BK Deferred Stock Units from this grant vest?
The new Deferred Stock Units vest on the earlier of Bank of New York Mellon’s 2027 Annual Meeting of Shareholders or one year from the grant date. Vesting must occur before the units can be settled into common stock for the director.
How and when are Sandra O’Connor’s BK Deferred Stock Units paid out?
Once vested, the Deferred Stock Units are paid in common stock after O’Connor’s service as a director ends. Payment occurs either in a lump sum or in annual installments, starting on the 30th day following her termination of service with the company’s board.
Do Sandra O’Connor’s BK Deferred Stock Units earn dividends before payout?
The Deferred Stock Units credited to Sandra O’Connor pay dividend equivalents. These dividend equivalents are not paid in cash; instead, they are reinvested into additional Deferred Stock Units, gradually increasing her deferred share-based balance over time as dividends are credited.
What is Sandra O’Connor’s total BK Deferred Stock Unit position after this grant?
After receiving the 1,592-unit grant, Sandra O’Connor holds a total of 17,195.12 Deferred Stock Units. Each unit is exchangeable for one share of Bank of New York Mellon common stock upon settlement, giving her a sizable deferred equity-based interest in the company.