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Robin Vince is the CEO of The Bank of New York Mellon Corporation, a global leader in investment management and financial services. He stepped into this role in August 2022, after serving as President and Vice Chair of Global Market...

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Robin Vince

CEO of Bank of New York Mellon

Education

Not specified

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

January 1, 1971 - 54 years ago

CEO of Bank of New York Mellon for

2 years 8 months (Aug 2022 - Present)

Previous Experience

Vice Chair and CEO of Global Market Infrastructure at BNY Mellon; Senior Director at Goldman Sachs.

Holdings

See how much did Robin Vince make over time.

Under Robin Vince's financial leadership, BNY Mellon has seen notable dynamics in his personal holdings. As of late 2023, he had stock awards and performance units that had substantial value. Specifically, he held 68,520 units valued at approximately $3.57 million...

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Insider Trading

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BK

30,015.395 shares

BK

Feb 23, 2024

Received

BK

97,748 shares

BK

Feb 1, 2024

Received

BK

68,520 shares

BK

Feb 13, 2023

Received

BK

40,864 shares

BK

Feb 7, 2022

Received

BK

13,145 shares

BK

Feb 8, 2021

Received

BK

$3.45M

BK at $35.10/share

Nov 2, 2020

Received

Compensation History

See how much did Robin Vince make over time.

In 2023, Robin Vince's total compensation reached approximately $16.8 million. This included a $1.3 million base salary and a hefty cash bonus of $5.4 million. Noteworthy is the absence of any amounts tied to stock options or stock grants that vested in 2023. The compensation plan is carefully structured to align with company performance, relying on metrics like adjusted return on tangible equity and total revenue. Despite a significant jump in his pay from 2022, where he earned around $11.2 million mainly from salary and stock awards, Vince's package shows an intentional focus on cash Incentives tied to performance rather than typical stock-based compensation structures, highlighting a unique approach in the financial sector.

Year

2023

Total Compensation

$6.78M

Salary

$1.30M

Board Justification

The compensation program is designed to directly link pay to performance, recognize both corporate and individual performance, promote long-term stock ownership, attract, retain and motivate talented executives, and balance risk and reward.

Bonus

$5.43M

Board Justification

The actual cash incentive compensation paid is determined based on the Corporate Component and Individual Modifier, with no threshold payout under the EICP for 2023.

Other

$50.31K

Board Justification

Other compensation includes executive financial management and personal security services.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 as the amounts shown under the stock awards column reflect the grant date fair value of awards for performance during 2022, not for 2023.

Performance Metrics

The performance metrics for determining the compensation include Adjusted ROTCE, Total Revenue, and OEPS.

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