Bank of America CEO Moynihan awarded $29M total compensation for 2023, versus $30M in 2022

BANK OF AMERICA CORP /DE/

Total compensation $29M, down from $30M in 2022; base salary unchanged at $1.5M.
Equity incentive valued at $27.5M, split 30% cash-settled RSUs, 20% stock-settled RSUs, 50% performance RSUs.
No cash bonus; performance RSUs use a three-year re-earn approach (2024-2026).
Company 2023 net income $26.5B, down 4% YoY; excluding FDIC and BSBY items, net income $29.3B (+6%).
Board highlighted organic growth, $12B returned to shareholders in 2023.

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