Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 62

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 62
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 a cash buyout award of $4.66 million paid out in February 2025 (subject to a one year repayment requirement if he resigns or is terminated for cause) and an RSU buyout award (subject to the Company’s standard RSU forfeiture terms and conditions) valued at $11.67 million, with 50% of the RSUs vesting on each of February 28, 2026 and February 28, 2027. All awards granted to Mr. Minaya are subject to the company’s clawback and recoupment policies as described below.56 BNY 2025 PROXY STATEMENT

## ITEM 2. ADVISORY VOTE ON COMPENSATIONCompensation Discussion & AnalysisThe target total direct compensation for each NEO for the 2024 performance period was as follows:NameAnnual BaseSalaryTargetIncentiveTarget Total DirectCompensation(1)Robin VincePresident and Chief Executive Officer$1,300,000$18,700,000$20,000,000Dermot McDonoghSenior Executive Vice President and Chief Financial Officer$650,000$8,350,000$9,000,000Jose Minaya(2)Senior Executive Vice President, Global Head of BNY Investments and Wealth$650,000N/AN/ASenthil KumarSenior Executive Vice President and Chief Risk Officer$650,000$5,600,000$6,250,000Catherine KeatingSenior Executive Vice President and Global Head of BNY Wealth$650,000$5,350,000$6,000,000(1)No changes were made to the annual base salary for NEOs; target incentive increased for certain NEOs as explained on page 55.(2)The terms of Mr. Minaya’s offer letter provide that his 2024 incentive award would be $12.35 million; a target incentive for 2024 was not established for Mr. Minaya.2024 Incentive Compensation DeterminationEach NEO’s incentive award is determined based on the following formula, and is paid out in a combination of cash, PSUs and RSUs (in the proportions as outlined below). The actual incentive award is capped at 150% of the target incentive award.PSUswill be earned between 0% – 150% based on the achievement of performance metrics and cliff vest after the three-year performance period.RSUsvest in equal annual installments over three years.(1)In calculating the number of PSUs and