The company said its board approved total compensation of $41,000,000 for Chair and Chief Executive Officer Brian T. Moynihan for 2025, and that his total compensation for 2024 was $35,000,000.

1. 01

   The company said its board approved total compensation of $41,000,000 for Chair and Chief Executive Officer Brian T. Moynihan for 2025, and that his total compensation for 2024 was $35,000,000.

2. 02

   The company said Mr. Moynihan's annual base salary remains unchanged at $1.5 million, there is no cash bonus, and the aggregate value of his 2025 equity incentive is $39.5 million, consisting of 30% cash-settled RSUs, 20% stock-settled RSUs and 50% stock-settled performance RSUs.

3. 03

   The company said the board based its compensation decision on 2025 results, including net income growth of 13% to $30.5 billion, diluted earnings per share growth of 19% to $3.81, and revenue growth of 7% to $113.1 billion.

4. 04

   The company said the performance RSUs must be re-earned based on results from 2026 to 2028. It said the 3-year average ROA standard of 90 basis points pays out 100%, and 110 basis points pays out a maximum of 150%. The 3-year average adjusted tangible book value growth standards are 10.5% and 12.5%, respectively.

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Original filing

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