Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 76

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 76
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 direct stockholder feedback on our executive compensation framework and other issues of importance to our investors, we have continued our annual investor engagement process during 2024 and 2025, reaching out to investors representing over 65% of our outstanding common shares as well as proxy advisory firms and other stakeholders. See “Proactive Stockholder Engagement Program” on page 30 for additional information on our outreach.Role of Compensation ConsultantsAs discussed above, the HRC Committee retained Meridian as its independent compensation consultant. Meridian regularly attends HRC Committee meetings and assists the committee in its analysis and evaluation of compensation matters related to our executives. For more information on Meridian and its role as independent compensation consultant to the HRC Committee, see page 43.BenchmarkingCompensation Benchmarking Peer GroupThe HRC Committee and our management use the Compensation Benchmarking Peer Group to provide a basis for assessing relative company performance and to provide a competitive reference for pay levels and practices. In evaluating and selecting companies for inclusion in the peer group, the HRC Committee targets complex financial institutions with which we typically compete for executive talent and business. The Compensation Benchmarking Peer Group for the 2024 compensation program, and their ticker symbols, are listed in the box to the right. The HRC Committee selected these companies based on:• industry and business mix—focus on companies with comparable mix of businesses (e.g., asset management, asset servicing and clearing services)• those viewed as competitors for customers and clients, executive talent and investment capital; and• size and scope—a range of size and complexity in terms of revenue, assets and market capitalization as well as geographic scope, regulatory oversight and strategic direction.Ameriprise Financial, Inc. (AMP)BlackRock, Inc. (BLK)The Charles Schwab Corporation (SCHW)Citigroup Inc. (C)Fidelity National Information Services, Inc. (FIS)The Goldman Sachs Group, Inc. (GS)Intercontinental Exchange, Inc. (ICE)JPMorgan Chase & Co. (JPM)Morgan Stanley (MS)Northern Trust Corporation (NTRS)The PNC Financial Services Group, Inc. (PNC)State Street Corporation (STT)S&P Global Inc. (SPGI)U.S. Bancorp (USB)In consultation with the HRC Committee’s independent compensation consultant, in 2024 the committee considered the mix of businesses and industries represented and determined to retain the same peer group that was used for benchmarking 202