McDonogh Dermot 4
Research Summary
AI-generated summary
Bank of New York Mellon CFO Dermot McDonogh Receives RSU Award
What Happened
- Dermot McDonogh, Chief Financial Officer of Bank of New York Mellon Corp (BK), was granted 37,724 restricted stock units (RSUs) on 2026-02-02. The grant price is reported as $0.00 (award), so reported acquisition value is $0.
- This was an award/grant (transaction code A), not an open-market purchase or sale. The RSUs are compensation and do not represent immediately tradable shares.
Key Details
- Transaction date: 2026-02-02; Form 4 filed: 2026-02-04 (appears timely).
- Shares/units granted: 37,724 RSUs at $0.00; reported acquisition value = $0.
- Shares owned after the transaction: not specified in the filing.
- Footnote: F1 — Award under The Bank of New York Mellon Corporation 2023 Long-Term Incentive Plan. Units vest in annual increments of one-third beginning February 15, 2027. Vested units will be settled in common stock.
- Transaction code: A (award/grant). Remarks include a power of attorney reference (Ex. 24).
Context
- RSU grants are compensation that vest in the future; these units will convert to common shares only as they vest (one-third per year starting Feb 15, 2027).
- Because this is a grant (not a purchase or sale), it’s a routine executive compensation item rather than a direct buy/sell signal about the insider’s near-term view of the stock.