Brian T. Moynihan

Chairman of the Board and Chief Executive Officer at Bank 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

Organization	Role	Date Range	Details
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

Organization	Role	Date Range	Details
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 million	Fixed annual cash salary	No cash bonus or additional fixed components

Performance Compensation

Data from FY 2024

Cash-Settled Restricted Stock Units (CRSUs)

Metric	Detail
Grant Date	February 2024
Vesting Schedule	12 equal installments from March 2024 to February 2025
Performance Metric	Time-based vesting (no performance metric applied)
Payment Settlement	Cash-settled upon vesting
Additional Conditions	Compliance with non-solicitation, detrimental conduct, and anti-hedging/derivative transaction policies

Stock-Settled Restricted Stock Units (PRSUs)

Metric	Detail
Grant Date	February 2024
Performance Metrics	Tax-normalized ROA and growth in adjusted tangible book value (TBV)
Evaluation Period	Three-year period ending in 2026
Vesting Schedule	Award re-earned at the end of the performance period pending achievement of performance standards
Threshold/Forfeiture	If 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 Conditions	Subject to compliance with covenants (non-solicitation, detrimental conduct, and anti-hedging policies)
Dividend Rights	Includes right to receive dividend equivalents to the extent the award is earned