Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 60

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 60
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15% to < 22%50% to < 100%25% to < 50%50% to < 100%Less than 15%0%Less than 25%0% to < 50%(1)   Peer Group refers to the “TSR Peer Group,” described below.(2)   Overall PSU earnout is capped at 150%.To determine the relative TSR component, the HRC Committee approved a group of financial services companies (the “TSR Peer Group”) in addition to the peer group for the 2024 compensation program (the “Compensation Benchmarking Peer Group”), which is provided on page 69. The TSR Peer Group selected by the HRC Committee is the same as the TSR Peer Group used in prior years and consists of the below listed S&P 500 companies in three industries: Asset Management & Custody Banks, Diversified Banks, and Investment Banking & Brokerage. The HRC Committee believes the TSR Peer Group provides a comprehensive view of performance across a broader group of financial services companies as compared to the Compensation Benchmarking Peer Group, resulting in a more meaningful comparison of relative performance. The companies in the TSR Peer Group and their ticker symbols are set forth below:Ameriprise Financial, Inc. (AMP)JPMorgan Chase & Co. (JPM)Bank of America Corporation (BAC)Morgan Stanley (MS)BlackRock, Inc. (BLK)Northern Trust Corporation (NTRS)The Charles Schwab Corporation (SCHW)Raymond James Financial, Inc. (RJF)Citigroup Inc. (C)State Street Corporation (STT)Franklin Resources, Inc. (BEN)T. Rowe Price Group, Inc. (TROW)The Goldman Sachs Group, Inc. (GS)U.S. Bancorp (USB)Invesco Ltd. (IVZ)Wells Fargo & Company (WFC)54 BNY 2025 PROXY STATEMENT

## ITEM 2. ADVISORY VOTE ON COMPENSATIONCompensation Discussion & AnalysisCompensation of NEOs2024 Target Total Direct Compensation StructureThe target total direct compensation for our NEOs is structured as follows:In the first quarter of each year, the HRC Committee establishes target total direct compensation for each Executive Committee member (including our NEOs) by considering competitive data, executive position and responsibilities and, for Executive Committee members other than our CEO, our CEO