Bank of America's Board of Directors has approved a total compensation package of $41 million for Chairman and CEO Brian T. Moynihan for the year 2025, an increase from his $35 million compensation in 2024. The board cited the company's strong financial performance, including significant growth in net income, revenue, and shareholder returns, as the basis for the decision.
Key Details
- Compensation Breakdown: The $41 million package includes an unchanged base salary of $1.5 million and $39.5 million in equity incentives. The equity portion consists of time-based and performance-based restricted stock units (RSUs).
- 2025 Performance Highlights: The decision was supported by a 13% increase in net income to $30.5 billion, a 7% rise in revenue to $113.1 billion, and a 25% increase in the company's stock price during 2025.
- Performance-Based Pay: 50% of the equity award is composed of performance RSUs that must be re-earned based on the company's financial results from 2026 through 2028, linking a significant portion of the compensation to future performance.