Friday, November 03, 2017 10:15 PM ET
Insider Selling at Bank of New York Mellon (BK) Continues with Significant Sale
There was a substantial sale of shares of Bank of New York Mellon by an insider today, as disclosed in a form 4 document filed with the SEC. One insider — Gerald L Hassell, Director and Officer — disposed of 24,280 shares in the company having a market value of approximately $1,254,917. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 186,900 company shares and the disposition of 15,842,975 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 15,680,355 shares and have averaged 4,013,539 shares per transaction over this time period.
In relation to the peer group over the last 90 days, insider buy/sell trading at Bank of New York Mellon is greater than the 31-company peer group average. Investment Management & Fund Operators peer group saw 42 buy/sell trades during this period for an average of 1.4 transactions per company. The number of shares per buy/sell trade for Bank of New York Mellon insiders was also higher. Within the peer group there were 498,572 shares purchased and 16,162,459 shares sold with company insiders disposing of 372,950 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to compose and write this story.
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