BofA board approves CEO Moynihan's 2017 incentive compensation [Reuters (UK)]
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Source: Reuters
Bank of America board approves CEO Moynihan's 2017 incentive compensation | Reuters Reuters Staff 1 Min Read (Reuters) - Bank of America Corp ( BAC.N ) said on Friday its board had approved Chief Executive Brian Moynihan’s incentive compensation for 2017. Moynihan’s 2017 equity incentive award has been raised to $21.5 million from $18.5 million in 2016. However, he received no cash bonus for 2017 and his annual base salary remains unchanged at $1.5 million, the company said. Moynihan’s compensation comprises base salary, time-based restricted stock units (RSUs) and performance RSUs that will be paid only if Bank of America meets specific financial goals. Reporting by Nikhil Subba in Bengaluru All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved.
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