BK Sr. EVP Smits sold 16,474 shares at $76.47 (10/15/24); stock now at $77.75, near 52-week high.
Hanneke Smits sold 16,474 shares on 2024-10-15 at $76.47, reducing her holdings by 9.5% to 157,455 shares. The sale totaled $1,259,868.79 at a price near the company's 52-week high of $77.75 (within $1.28 of the peak). At BK specifically, her prior two sales on 2024-07-18 and 2024-01-16 showed mixed 90-day outcomes (+20.6% and -0.1% respectively), with a 50% well-timed rate at the cross-ticker level. Bank of New York Mellon's fundamentals remain solid with $2.9B quarterly revenue (+6.9% annual growth), $1.2B net income, and a P/E of 16.68. The timing of this sale near the 52-week high, combined with the stock's recent 9.8% 30-day and 24.0% 90-day appreciation, warrants observation alongside her historical trading pattern at this security.