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    Brian T. Moynihan

    Chairman of the Board and Chief Executive Officer at BBank of America Corp
    Board
    Since January 2010
    Age
    65 years
    Education
    Graduated from Brown University.
    Tenure
    Joined BAC in January 2010 as President and Chief Executive Officer and was promoted to Chairman of the Board in October 2014.

    Also at Bank of America Corp

    AMB
    Alastair M. Borthwick
    Chief Financial Officer
    DCA
    Dean C. Athanasia
    President of Regional Banking
    JPD
    James P. DeMare
    President, Global Markets

    About

    Brian T. Moynihan has built an impressive career marked by both strong leadership and deep industry experience. Born with a passion for finance, he developed a robust academic foundation which led him to Brown University, an institution that shaped his early professional journey.

    He began his notable career at BAC in January 2010 by stepping into the role of President and Chief Executive Officer. His visionary approach and commitment to responsible growth quickly led him to assume even greater responsibilities, culminating in his promotion to Chairman of the Board in October 2014.

    Over the years, his strategic initiatives and operational expertise have driven record earnings and significant capital returns for shareholders. His leadership is further highlighted by active participation in various industry organizations, where he has consistently contributed to shaping financial policies and practices.

    $BAC Performance Under Brian T. Moynihan

    Past Roles

    OrganizationRoleDate RangeDetails
    Bank of America Corporation Head of Enterprise Capital Management April 2011 - April 2014 N/A
    Bank of America Corporation Leader of Operating Units Before January 2010 Held leadership roles across various business segments in wholesale and retail financial services

    External Roles

    OrganizationRoleDate RangeDetails
    Brown University Member of the Board of Fellows N/A Chair of the Watson Institute Board of Governors
    Smithsonian's National Museum of African American History and Culture Advisory Council Member N/A N/A
    Charlotte Executive Leadership Council Member N/A N/A
    Massachusetts Competitive Partnership Chairman N/A N/A
    World Economic Forum’s International Business Council Chairman N/A N/A
    The U.S. Council on Competitiveness Chairman of the Board N/A N/A
    Sustainable Markets Initiative Co-Chair N/A N/A

    Fixed Compensation

    Data from  FY 2024
    Component Name Amount Payment Schedule Additional Details
    Base Salary$1.5 millionFixed annual cash salaryNo cash bonus or additional fixed components

    Performance Compensation

    Data from  FY 2024

    Cash-Settled Restricted Stock Units (CRSUs)

    Metric Detail
    Grant DateFebruary 2024
    Vesting Schedule12 equal installments from March 2024 to February 2025
    Performance MetricTime-based vesting (no performance metric applied)
    Payment SettlementCash-settled upon vesting
    Additional ConditionsCompliance with non-solicitation, detrimental conduct, and anti-hedging/derivative transaction policies

    Stock-Settled Restricted Stock Units (PRSUs)

    Metric Detail
    Grant DateFebruary 2024
    Performance MetricsTax-normalized ROA and growth in adjusted tangible book value (TBV)
    Evaluation PeriodThree-year period ending in 2026
    Vesting ScheduleAward re-earned at the end of the performance period pending achievement of performance standards
    Threshold/ForfeitureIf both ROA and TBV thresholds are not achieved, the entire award is forfeited
    Maximum Payout (Cap)100% of the award (no upside beyond target)
    Additional ConditionsSubject to compliance with covenants (non-solicitation, detrimental conduct, and anti-hedging policies)
    Dividend RightsIncludes right to receive dividend equivalents to the extent the award is earned