Bank of America CEO Brian Moynihan Gets $3 Million Pay Raise
February 12 2016 - 6:10PM
Dow Jones News
Brian Moynihan is getting a pay raise.
Mr. Moynihan, chairman and chief executive of Bank of America
Corp., is receiving a pay package worth $16 million for 2015, most
of it in the form of restricted stock. That is a 23% increase from
the previous year, when he earned $13 million.
The payout for Mr. Moynihan is calculated according to a
regulatory filing the bank disclosed Friday. The bank said it would
pay Mr. Moynihan restricted stock worth $14.5 million.
Mr. Moynihan was paid $1.5 million in salary, the same as the
previous year. He doesn't get a cash bonus.
Write to Christina Rexrode at christina.rexrode@wsj.com and
Peter Rudegeair at Peter.Rudegeair@wsj.com
(END) Dow Jones Newswires
February 12, 2016 17:55 ET (22:55 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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