Rajashree Datta, an EVP at BNY Mellon, reported two Form 4 transactions showing she disposed of 1,900 and 6,541 shares of common stock at $119.10 per share. These dispositions were not open-market sales but were instead tax withholdings to cover liabilities arising from the vesting of Restricted Stock Units. The filing confirms these were specifically for tax purposes, identified by transaction code ‘F’.
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BNY Mellon (NYSE: BK) EVP uses stock withholding to cover tax on RSUs
Rajashree Datta, an EVP at BNY Mellon, reported two Form 4 transactions showing she disposed of 1,900 and 6,541 shares of common stock at $119.10 per share. These dispositions were not open-market sales but were instead tax withholdings to cover liabilities arising from the vesting of Restricted Stock Units. The filing confirms these were specifically for tax purposes, identified by transaction code ‘F’.