Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 80

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 80
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 law⇨The company may claw back some or all of a cash incentive award made to the individualNYSE Clawback PolicyIn addition to the conduct-based forfeiture or clawback provisions, incentive compensation is subject to recovery in the event of a ‘restatement’, as defined in the NYSE Clawback Policy⇨The company must claw back awarded incentive compensation in excess of the amount the NEO would have received had the award been determined on the restated financial measure(s)Severance BenefitsStockholder Approval of Future Executive Severance Arrangements.The Board has adopted a policy that the company will not enter into a future severance arrangement with an executive that provides for severance benefits (as defined in the policy) in an amount exceeding 2.99 times the sum of annual base salary and target bonus (as defined in the policy) for the year of termination (or, if greater, for the year before the year of termination), unless such arrangement receives prior stockholder approval.72 BNY 2025 PROXY STATEMENT

## ITEM 2. ADVISORY VOTE ON COMPENSATIONCompensation Discussion & AnalysisExecutive Severance Plan.The Bank of New York Mellon Corporation Executive Severance Plan (the “Executive Severance Plan”) provides that participants terminated by the company without “cause” are eligible to receive severance payments and benefits as shown in the table below (as defined in the plan).Reason for TerminationSeverancePaymentAnnualIncentive AwardBenefitContinuationOutplacementServicesBy the company without “cause”1 timesbase salaryPro-rata annualincentive award paid after year end at the discretion of management and the HRC Committee1 year1 yearBy the company without “cause” or by theparticipant for “good reason” within two yearsfollowing a “change in control”2 times base salaryand 2 times targetannual incentivePro-rata target annual incentive for the year of termination2 years1 yearExecutive Severance Plan participants are selected by the HRC Committee and include each of our NEOs. To receive benefits under the plan, a participant must sign a release and waiver of claims in favor of the company and agree not to compete against the company, or solicit our customers and employees, for so long as the participant is receiving benefits under the Executive Severance Plan.We do not provide any severance-related tax gross-ups. If any payment under the Executive Severance Plan would cause a participant to become subject to the excise tax imposed under Section 4999 of the Internal Revenue