• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Digital News Updates
  • Home
  • News
  • Politics
  • Business

Bank of America is giving $750 cash bonuses to lower-paid employees, restricted stock to others

January 22, 2021

Bank of America CEO Brian Moynihan is awarding nearly all of his 212,505 employees with a bonus for their work during the coronavirus pandemic.

Staffers in the U.S. who earn $100,000 or less annually will get a cash award of $750 late next month, Moynihan said Thursday in a company memo.

Employees who make between $100,000 and $500,000 annually will receive 150 to 750 restricted stock units, the bank said. These stock awards will be paid out over four years starting in 2022, and their value will be dependent on the firm’s stock price at the time of vesting, according to a bank spokeswoman. Bank of America shares were worth about $31.50 apiece on Friday.

READ MORE

Filed Under: Business

Related Articles:

  • Bridger Aerospace Welcomes Executive Order to Reshape Wildland Firefighting
  • Daktronics to Announce Q4 and Fiscal 2025 Results on June 25
  • Gianforte Appoints Marta Bertoglio as Department of Commerce Director

Primary Sidebar

Digital News Updates Logo

Recent News Posts

  • North Dakota to Celebrate Grand Opening of Theodore Roosevelt Presidential Library
  • Montana Attorney General Launches Investigation into Lee Enterprises Following Cyberattack
  • VA slams Democrat governor for falsely claiming vets could be denied care
  • Montana State names 2025 presidential scholars

Recent Politics Posts

  • Gianforte Praises Supreme Court Ruling
  • Zinke Urges Interior Secretary to Act on Projected Low Flathead Lake Levels
  • Senator Daines Leads Bipartisan Push to Celebrate “Great Outdoors Month”
  • Sheehy Introduces Legislation to Compensate Service Members Discharged Over COVID Vaccine Mandate

Recent Business Posts

  • Bridger Aerospace Welcomes Executive Order to Reshape Wildland Firefighting
  • Gianforte Appoints Marta Bertoglio as Department of Commerce Director
  • Daktronics to Announce Q4 and Fiscal 2025 Results on June 25
  • Performance Engineering Earns National Honors

Copyright © 2025 Digital News Updates, All Rights Reserved.