Here's how the nation's second biggest bank by assets structures its executive compensation.

1. Here’s How
Bank of America
Pays Its CEO
Breaking Down the
Compensation of Bank of
America’s CEO in 2015

2. $16
Million
In 2015, Bank of America CEO Brian
Moynihan earned $16 MILLION.

3. Salary
$1.5 MILLION of this consisted of a
base salary.

4. Salary
Equity
Incentive
Award
$14.5 MILLION consists of equity
awards, split evenly between time-
and performance-based awards.

5. The $7.25 MILLION in time-based
awards vest annually over the next
three years.
Time-
Based
Salary
Equity
Incentive
Award

6. The remaining $7.25 MILLION requires
BofA to earn a 0.8% ROA and
increase its TBV by 8.5% a year.
Performance-
Based
Time-
Based
Salary
Equity
Incentive
Award

7. The most positive aspect of Moynihan’s
compensation is that the majority of it is
deferred, which leaves the CEO’s skin in the
game, so to speak.
Now
$1.5M
Later
$14.5M
Less than 10% of
Moynihan’s 2015
compensation
vests immediately.

8. But this is somewhat offset by the fact that
82% of Moynihan’s compensation is paid out
in cash, not in stock – the latter being better
for incentivizing a long-term approach.
Cash (Salary)
$1.5 Million
Cash-Settled
Restricted
Stock
$11.6 Million
Stock
$2.9 Million
This is the only
portion of
Moynihan’s
compensation that
vests in stock.

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