Company: BK-PK
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001390777-25-000084
Chunk: 5

Company: Bank of New York Mellon Corp
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 4
Chunk 5
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(dollars in millions, except per share amounts; common shares in thousands)Total sharesrepurchasedAverage priceper shareJanuary 20251,423 $84.94 1,423 $5,211 February 20255,215 87.03 5,215 4,758 March 20252,026 84.65 2,026 4,586 First quarter of 2025 (a)8,664 $86.13 8,664 $4,586 (b)

(a)    Includes 2.5 million shares repurchased at a purchase price of $215 million from employees, primarily in connection with the employees’ payment of taxes upon the vesting of restricted stock.  The average price per share of open market repurchases was $85.63.

(b)    Represents the maximum value of the shares to be repurchased under the share repurchase plan and includes shares repurchased in connection with employee benefit plans.

In January 2023, we announced a share repurchase program approved by our Board of Directors providing for the repurchase of up to $5.0 billion of common shares beginning Jan. 1, 2023.  This share repurchase plan replaced all previously authorized share repurchase plans.In April 2024, we announced a share repurchase authorization providing for the repurchase of $6.0 billion of common shares. Share repurchases may be executed through open market repurchases, in privately negotiated transactions or by other means, including through repurchase plans designed to comply with Rule 10b5-1 and other derivative, accelerated share repurchase and other structured transactions.  The timing and exact amount of any common stock repurchases will depend on various factors, including market conditions and the common stock trading price; the Company’s capital position, liquidity and financial performance; alternative uses of capital; and legal and regulatory limitations and considerations.Item 5.  Other Information.(c)    Certain of our officers or directors have made elections to participate in, and are participating in, our dividend reinvestment plan, employee stock purchase plan and 401(k) plan, and have made, and may from time to time make, elections to have shares withheld to cover withholding taxes or pay the exercise price of stock awards, which may be designed to satisfy the affirmative defense conditions of Rule 10b5-1 under the Exchange Act or may constitute non-Rule 10b5-1 trading arrangements (as defined in