Company: BK-PK
Filing Date: 2025-03-05
Form Type: DEF 14A
Source: 0001193125-25-046216
Chunk: 59

Company: Bank of New York Mellon Corp
Filing Date: 2025-03-05
Form: DEF 14A
Chunk 59
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) Adjusted ROTCE, to focus management attention on revenue growth, expense discipline, credit risk management, prudent capital deployment and profitability, and (ii) relative TSR, to ensure alignment with stockholder interests• 100% of incentive compensation is subject to risk assessment, clawback and forfeiturePSUs• Granted in February 2025• Cliff vest after the end of athree-yearperformance period• Earnout between 0% – 150% based on the achievement of performance metrics overthree-yearperiodRSUs• Granted in February 2025• Vest in equal annual installments over three yearsPerformance Share Unit ProgramWe grant PSUs each year as part of our incentive compensation to strengthen the alignment of our executives’ compensation with stockholder interests and to motivate and reward achievement of the company’s long-term financial goals.BNY 2025 PROXY STATEMENT 53

## ITEM 2. ADVISORY VOTE ON COMPENSATIONCompensation Discussion & AnalysisThe HRC Committee regularly reviews its oversight of pay practices. For the 2025 PSUs (granted in 2025 for 2024 performance), the HRC Committee confirmed the continued use of company Adjusted ROTCE and relative TSR as metrics for determining the earnout. As we progress towards achieving our medium-term financial targets, the HRCC determined to increase the adjusted ROTCE target and maximum by 1%. In addition, the HRCC determined to remove the cliff earnouts from the upper and lower quartiles of the relative TSR component and move to straight line interpolation to align better with market practice. The earnout will occur in 2028, based on the results over the three-year performance period ending December 31, 2027. The HRC Committee believes that these metrics broadly reflect the company’s financial performance, including revenue growth, expense discipline and profitability, and alignment with stockholder interests. To determine the earnout for the 2025 PSUs at the end of the performance period, the HRC Committee approved the following performance grid:2025 PSU Earnout Grid(2025-2027 Performance Period)AverageAnnual Adj. ROTCE(Weighted 70%)PercentEarnoutTSR percentilevs. RelativePeer Group1(Weighted 30%)PercentEarnoutAbove 26%150%+Above 75%>150% to 200%222% to 26%100% to 150%50% to 75%100% to 150%