---
schema_version: "secwatch.filing_event.v1"
accession: "0000070858-24-000027"
form_type: "8-K"
ticker: "BAC"
cik: "0000070858"
company_name: "BANK OF AMERICA CORP /DE/"
filed_at: "2024-02-02T23:59:59+00:00"
generated_at: "2026-06-06T10:18:58.286756+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000070858-24-000027
- form_type: 8-K
- ticker: BAC
- cik: 0000070858
- company_name: BANK OF AMERICA CORP /DE/
- filed_at: 2024-02-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/70858/000007085824000027/0000070858-24-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/70858/000007085824000027/bac-20240202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000070858-24-000027
- JSON: https://secwatch.observer/filing/0000070858-24-000027.json
- Plain text: https://secwatch.observer/filing/0000070858-24-000027.txt

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