As Chair and Chief Executive Officer at BANK OF AMERICA CORP /DE/, Brian T. Moynihan made $23,163,179 in total compensation. Of this total $1,500,000 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $21,395,424 was awarded as stock and $267,755 came from other types of compensation. This information is according to proxy statements filed for the 2021 fiscal year.
The chart on this page features a breakdown of the total annual pay for Brian T. Moynihan, Chair and Chief Executive Officer at BANK OF AMERICA CORP /DE/ as reported in their proxy statements.
Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. BANK OF AMERICA CORP /DE/ income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. BANK OF AMERICA CORP /DE/ annual reports of executive compensation and pay are most commonly found in the Def 14a documents.
Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year.
Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings.
|CEO Name||CEO Pay||Median Employee Pay||CEO Pay Ratio|
|Brian T. Moynihan||CEO Pay $23,739,465||Median Employee Pay $102,497||CEO Pay Ratio 232:1|
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The information shown here is a reporting of information included in the company's proxy statement. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). You may also find the annual proxy statement by going directly to the company's website.
A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. All proxy statements are public filings made available to the general public by the SEC. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives.