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BAC Bank of America Corporation

36.94
-0.61 (-1.62%)
After Hours
Last Updated: 22:51:15
Delayed by 15 minutes
Share Name Share Symbol Market Type
Bank of America Corporation NYSE:BAC NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.61 -1.62% 36.94 37.67 36.981 37.43 30,276,315 22:51:15

Bank of America CEO Brian Moynihan Gets $3 Million Pay Raise

12/02/2016 11:10pm

Dow Jones News


Bank of America (NYSE:BAC)
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Brian Moynihan is getting a pay raise.

Mr. Moynihan, chairman and chief executive of Bank of America Corp., is receiving a pay package worth $16 million for 2015, most of it in the form of restricted stock. That is a 23% increase from the previous year, when he earned $13 million.

The payout for Mr. Moynihan is calculated according to a regulatory filing the bank disclosed Friday. The bank said it would pay Mr. Moynihan restricted stock worth $14.5 million.

Mr. Moynihan was paid $1.5 million in salary, the same as the previous year. He doesn't get a cash bonus.

Write to Christina Rexrode at christina.rexrode@wsj.com and Peter Rudegeair at Peter.Rudegeair@wsj.com

 

(END) Dow Jones Newswires

February 12, 2016 17:55 ET (22:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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