In 2025, Kevin McCarthy, Senior Executive Vice President and General Counsel at BNY Mellon, received a total compensation of $8.75 million. This package comprised a base salary of $650,000, performance share units (PSUs) valued at $2.43 million, restricted stock units (RSUs) worth $3.645 million, and a cash bonus of $2.025 million. Notably, stock-based awards constituted approximately 70% of his total compensation. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1390777/000119312526092500/d52987ddef14a.htm?utm_source=openai))
This compensation structure aligns with BNY Mellon’s broader executive remuneration strategy, which emphasizes equity-based incentives to align leadership interests with shareholder value. For instance, CEO Robin Vince’s 2025 compensation totaled $48.85 million, with stock awards accounting for a significant portion. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1390777/000119312526092500/d52987ddef14a.htm?utm_source=openai))
Comparatively, McCarthy’s compensation is modest within the financial sector. In 2025, the median total compensation for general counsels at Fortune 1000 companies was approximately $12.5 million, with top earners receiving upwards of $28 million. ([assets.alm.com](https://assets.alm.com/eb/b3/a0945c644c2c9b70ccb16f0e4edf/nylj073025a.pdf?utm_source=openai))
BNY Mellon’s compensation practices reflect a commitment to performance-based incentives, with a substantial emphasis on stock awards to promote long-term value creation.