Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 51

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 51
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2023). The annual equity award was granted in the form of deferred stock units that vest on the earlier of one year after the date of the award or on the date of the next Annual Meeting of Stockholders, and must be held for as long as the director serves on the Board. The units accrue dividends, which are reinvested in additional deferred stock units. This award of deferred stock units was granted shortly after the 2024 Annual Meeting of Stockholders for directors elected at such meeting.2024 Director Cash RetainersEach non-employee director receives an annual cash retainer for his or her service on the Board, as well as additional cash retainers if he or she serves as the independent Chair, as a Chair of a committee or as a member of the Audit Committee or Risk Committee. The following table lists the cash retainer amounts in effect for 2024:Type of RetainerAmount of RetainerAnnual Board Membership$110,000Independent Chair$150,000Audit or Risk Committee Membership$15,000HRC Committee Chair$25,000Audit Committee Chair*$30,000Risk Committee Chair*$30,000CGNSR Committee Chair$25,000Finance Committee Chair$25,000Technology Committee Chair$25,000*Amount is in addition to the applicable committee membership retainer.44 BNY 2025 PROXY STATEMENT

## ITEM 1. ELECTION OF DIRECTORSDirector Compensation2025 Director CompensationIn conducting its annual review of director compensation, the CGNSR Committee engaged Meridian to review the design and competitiveness of our independent director compensation structure and to advise on any developments in director compensation practices. After receiving this input from Meridian, the CGNSR Committee recommended to the Board, and the Board approved, adjusting the compensation framework for independent directors as follows: an increase of $20,000 in the annual equity award to independent directors, from $195,000 to $215,000; an increase of $10,000 in the cash retainer for Audit Committee and Risk Committee membership, from $15,000 to $25,000; an increase of $10,000 in the cash retainer for the HRC Committee Chair, from $25,000 to $35,000; and an increase of $25,000 in the cash retainer for the Independent Chair, from $150,000 to $175,000. We believe the director compensation framework is consistent with market practice, recognizes the critical role that our independent directors play in effectively managing the company