Invested Together: Equity for Our Employees
DECEMBER 14, 2022
The Bank of New York Mellon Corporation announced that it will provide eligible employees an award of BK Restricted Stock Units (RSUs), or BK Shares, starting in February 2023. BK Shares is an equity grant that represents a new way for employees to share and participate in the company’s commercial success.
“We all contribute to BNY Mellon’s positive outcomes, and equity participation is an important way to feel connected to our growing value. Our company was the first to trade on the New York Stock Exchange, so it’s fitting that employees should own a part of it through its stock,” said BNY Mellon CEO Robin Vince. “The grant is intended to represent the growth journey we’re on together.”
“Our firm touches 20% of the world’s investable assets; we’re the market leader across many of our businesses and platforms, with an unrivaled client roster to match. It’s especially meaningful that, with this new program, many employees will become first-time participants in the capital markets we help power,” added Vince.
BK Shares will be provided to eligible employees who do not otherwise receive equity compensation. Employees will receive a grant of 10 Restricted Stock Units (RSUs) on Feb. 13, 2023.
