secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF AMERICA CORP /DE/ (BAC)
CIK:        0000070858
Form:       8-K
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0000070858-25-000087
Event type: leadership
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of America CEO Moynihan 2024 total compensation set at $35M, up from $29M
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- CEO Brian Moynihan awarded $35M total comp for 2024, vs $29M in 2023; base salary unchanged at $1.5M.
- Equity incentive of $33.5M comprised of RSUs and performance RSUs; no cash bonus.
- Company reported net income $27.1B (+2% YoY), revenue $102B (+3%), returned $21B to shareholders (+75%).
- Share price up 30% in 2024; market cap grew by nearly $70B.
- Board cited strong organic growth, loan/deposit growth outpacing industry, and record net new consumer checking accounts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/70858/000007085825000087/0000070858-25-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/70858/000007085825000087/bac-20250207.htm
  HTML page:      https://secwatch.observer/filing/0000070858-25-000087

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer