BNY Director Joseph Echevarria Acquires Shares via Deferred Compensation Plan
Bank of New York Mellon Corp
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Filing Summary
📊 BNY Insider Filing: Director Joseph Echevarria acquired 625.35 shares of Common Stock at $143.92 per share ($90,000 total value) on October 1, 2026, through a director deferred compensation plan. Beneficial ownership following the transaction stands at 67,574.96 shares.
Comprehensive Analysis
Executive Summary
On October 5, 2026, Bank of New York Mellon Corp (NYSE: BNY) reported an insider transaction by Director Joseph Echevarria. The transaction, executed on October 1, 2026, involved the acquisition of 625.3474 shares of common stock (held as phantom stock under the Deferred Compensation Plan for Directors) at a price of $143.92 per share, representing an aggregate value of approximately $90,000.
Transaction Analysis
- Nature of Transaction: The acquisition (Transaction Code 'A') was made under the company's Deferred Compensation Plan for Directors pursuant to a prior election, payable at a specified future date in common stock.
- Significance: As this transaction represents routine director compensation taken in equity rather than cash, it carries Low informational significance regarding direct open-market sentiment.
- Ownership Post-Transaction: Following this transaction, Joseph Echevarria directly holds 67,574.9625 shares of BNY common stock.
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