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| 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 | |
|---|---|---|---|---|---|---|---|---|
| -0.08 | -0.22% | 36.87 | 37.49 | 36.65 | 37.38 | 34,868,024 | 01:00:00 |
From May 2019 to May 2024
By Christina Rexrode
Brian Moynihan is getting a pay cut.
Mr. Moynihan, chairman and CEO of Bank of America Corp., is expected to be paid $13 million for 2014, most of it in the form of restricted stock. That's a 7% decline from last year, when he earned $14 million.
The payout for Mr. Moynihan is calculated according to a regulatory filing the bank disclosed Tuesday. The bank said it would pay Mr. Moynihan restricted stock worth $11.5 million, based on the stock's average closing price for the previous 10 days, which was $16.20.
Mr. Moynihan is also expected to be paid $1.5 million in salary, in line with last year, according to a person familiar with the situation. He has not received a cash bonus since 2010, his first year as CEO, and is not expected to get one for 2014, according to the person.
Write to Christina Rexrode at christina.rexrode@wsj.com
Access Investor Kit for Bank of America Corp.
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US0605051046
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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