The company said its board approved 2024 total compensation for Chair and Chief Executive Officer Brian T. Moynihan of $35,000,000, while his 2023 total compensation was $29,000,000.

1. 01

   The company said its board approved 2024 total compensation for Chair and Chief Executive Officer Brian T. Moynihan of $35,000,000, while his 2023 total compensation was $29,000,000.

2. 02

   Bank of America said Moynihan's annual base salary remains unchanged at $1.5 million, and his 2024 equity incentive is valued at $33.5 million, with no cash bonus. Compensation is composed of cash-settled RSUs at 30%, stock-settled RSUs at 20%, and stock-settled performance RSUs at 50%.

3. 03

   The company said its net income for 2024 was $27.1 billion, up 2% from 2023, and revenue rose 3% from 2023 to nearly $102 billion, while expenses rose 1%.

4. 04

   The company said it returned $21 billion to shareholders through dividends and common stock repurchases in 2024, an increase of 75% from 2023.

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Original filing

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