Bank of New York Mellon CEO Thomas Gibbons' 2020 pay falls 25% to $9.4M
Bank of New York Mellon reports 2020 executive compensation
By ExecPay News
Published: March 2, 2021
Bank of New York Mellon reported fiscal year 2020 executive compensation information on March 2, 2021.
In 2020, eight executives at Bank of New York Mellon received on average a compensation package of $6.3M, a 31% decrease compared to previous year.
Average pay of disclosed executives at Bank of New York Mellon
Thomas P. Todd Gibbons, Chief Executive Officer, received $9.4M in total, which decreased by 25% compared to 2019. 48% of Gibbons' compensation, or $4.5M, was in stock awards. Gibbons also received $297K of change in pension value and nonqualified deferred compensation earnings, $3.2M in non-equity incentive plan, $1.3M in salary, as well as $98K in other compensation.
For fiscal year 2020, the median employee pay was $77,487 at Bank of New York Mellon. Therefore, the ratio of Thomas P. Todd Gibbons' pay to the median employee pay was 121 to one.
Thomas P. Todd, Chief Executive Officer, received a compensation package of $9.4M, which decreased by 25% compared to previous year. 48% of the compensation package, or $4.5M, was in stock awards.
Bridget E. Engle, Chief Operations Technology Officer, earned $7.4M in 2020, a 57% increase compared to previous year.
Mitchell E. Harris, Chief Executive Officer, received $5.9M in 2020, which decreases by 20% compared to 2019.
Michael P. Santomassimo, Chief Financial Officer, earned $5.2M in 2020, which is about the same as previous year.
Catherine M Keating, Chief Executive Officer, received $5.1M in 2020.
Robin Vince, Chief Executive Officer, earned $4.9M in 2020.
Emily H. Portney, Chief Financial Officer, received $2.9M in 2020.
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Source: SEC filing on March 2, 2021.