Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 74

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 74
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 any PSUs.2022 PSU EarnoutAs described above, PSUs cliff vest after the end of a three-year performance period based on achievement of pre-determined performance metrics and continued service, with certain exceptions, and earnout ranges between 0% – 150% in accordance with the performance grid previously approved by the HRC Committee.The PSUs granted in February 2022 vest based on average company Adjusted ROTCE (weighted 70%) and relative TSR (weighted 30%) over a three-year performance period (2022-2024). Following the end of the performance period, the HRC Committee determined the level of performance, with the PSU earnout of 125% of target, based on an earnout of 120% on the Adjusted ROTCE component and 138% on the relative TSR component. The three-year average Adjusted ROTCE (excluding notable items)1was 22.2%, and was further adjusted upward by the HRC Committee to 22.3%, versus a target of 20.5%. Consistent with prior years and the terms of the awards, the HRC Committee’s adjustment was intended to neutralize the effect of interest rate levels and market levels experienced over the performance period versus those assumed when the performance grid was approved in early 2022. The effects from interest rates levels and market levels largely offset each other. The company’s relative TSR percentile was 69thversus the TSR Peer Group.Other Compensation and Benefits ElementsDeferred Compensation PlansOur NEOs are eligible to participate in deferred compensation plans, which enable eligible employees to defer the receipt of a portion of their compensation, and related payment of taxes, until a later date. For a description of these plans and our NEOs’ participation therein, see “2024 Nonqualified Deferred Compensation” on page 82.1For a reconciliation of this non-GAAP measure to the corresponding GAAP measure, please see Annex A: Non-GAAP Reconciliations beginning on page 107.BNY 2025 PROXY STATEMENT 67

## ITEM 2. ADVISORY VOTE ON COMPENSATIONCompensation Discussion & AnalysisPerquisitesOur NEOs are eligible to participate in certain benefits programs that are considered “perquisites” for purposes of SEC rules regarding executive compensation disclosure. These benefits are described below and reported in the footnotes to the “2024 Summary Compensation Table” below.In 2024, our policy regarding corporate aircraft usage provided that the CEO should make reasonable use of the company aircraft for security purposes