---
schema_version: "secwatch.filing_event.v1"
accession: "0000070858-23-000008"
form_type: "8-K"
ticker: "BAC"
cik: "0000070858"
company_name: "BANK OF AMERICA CORP /DE/"
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T01:26:45.936478+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Bank of America CEO Moynihan's 2022 total compensation set at $30M, down from $32M

## Summary
- Board approved $30M total compensation for CEO Moynihan in 2022, vs $32M in 2021.
- Company earned $27.5B net income in 2022; revenue grew 7% with 400 bps operating leverage.
- Returned $12B to shareholders via dividends and buybacks; stock price declined 26% in 2022.
- CEO compensation: $1.5M base salary + $28.5M equity; 50% is performance RSUs with re-earn over 3 years.
- Raised minimum hourly pay to $22; added 1M net new consumer checking accounts in 2022.

## SEC filing metadata
- accession: 0000070858-23-000008
- form_type: 8-K
- ticker: BAC
- cik: 0000070858
- company_name: BANK OF AMERICA CORP /DE/
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70858/000007085823000008/0000070858-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70858/000007085823000008/bac-20230203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070858-23-000008
- JSON: https://secwatch.observer/filing/0000070858-23-000008.json
- Plain text: https://secwatch.observer/filing/0000070858-23-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.