Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 68

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 68
---
 broader TSR Peer Group for 2024, particularly with respect to generating operating leverage and expense control. Share price performance against the TSR Peer Group for 2024 was in the top quartile.Segment PerformanceThe HRC Committee considered the following aspects of the company’s segment performance, with certain measures excluding notable items1:•Securities Services:•Adjusted total revenue1increased 4% year-over-year.•Total fee revenue increased 6% year-over-year primarily driven by higher market values, net new business, and higher client activity.•Net interest income decreased 4% year-over-year primarily reflecting changes in deposit mix, partially offset by higher investment securities portfolio yields.•Adjusted pre-tax income1increased 19% year-over-year.•Adjusted pre-tax operating margin1of 29% in 2024 increased from 26% in 2023.•Market and Wealth Services:•Total revenue increased 7% year-over-year.•Total fee revenue increased 9% year-over-year, with investment services fees in Clearance and Collateral Management and Treasury Services increasing 14% and 10% year-over-year, respectively.•Net interest income increased 1% year-over-year primarily reflecting balance sheet growth and higher investment securities portfolio yields, partially offset by changes in deposit mix.•Adjusted pre-tax income1increased 9% year-over-year.Adjusted pre-tax operating margin1of 46% in 2024 increased from 45% in 2023.•Investment and Wealth Management:•Adjusted total revenue1increased 3% year-over-year, with higher market values partially offset by changes in product mix.•Adjusted pre-tax income1increased 14% year-over-year.1Excludes notable items. For a reconciliation of the non-GAAP measure to the corresponding GAAP measure, please see Annex A: Non-GAAP Reconciliations beginning on page 107.62 BNY 2025 PROXY STATEMENT

## ITEM 2. ADVISORY VOTE ON COMPENSATIONCompensation Discussion & Analysis•Adjusted pre-tax operating margin1of 18% in 2024 increased from 17% in 2023.Corporate Component – 2024 Non-Financial Performance (Weighted 30%)On ‘Non-Financial Performance’, the HRC Committee assessed the company’s performance rating as ‘Exceeds Expectations’. The HRC Committee considered the following matters, among others, in conducting its assessment, noting significant progress in several categories:GoalCategoryDescription of