Bank of America board approves CEO Moynihan’s 2017 incentive compensation

Finance


Adam Galica | CNBC

Brian Moynihan, Chairman and CEO of Bank of America speaking at the 2018 WEF in Davos, Switzerland on Jan. 23rd, 2018.

Bank of America said on Friday its board had approved Chief Executive Brian Moynihan’s incentive compensation for 2017.

Moynihan’s 2017 equity incentive award has been raised to $21.5 million from $18.5 million in 2016.

However, he received no cash bonus for 2017 and his annual base salary remains unchanged at $1.5 million, the company said.

Moynihan’s compensation comprises base salary, time-based restricted stock units (RSUs) and performance RSUs that will be paid only if Bank of America meets specific financial goals.



Source link

Products You May Like

Articles You May Like

Walmart teams up with Ellen DeGeneres for new clothing line
What you need to know about your employee stock purchase plan
Campbell Soup downgraded at JP Morgan: Appeal of buying limited
Bitcoin price below $6,000 amid wider cryptocurrency sell-off
How to stop Google from storing your location history 

Leave a Reply

Your email address will not be published. Required fields are marked *