Thomas K. Montag

2019

In 2019, Thomas K. Montag earned a total compensation of $19.5M as Chief Operating Officer at Bank of America, a 4% increase compared to previous year.

Compensation breakdown

Bonus$7,700,000
Salary$1,250,000
Stock Awards$10,524,788
Other$20,000
Total$19,494,788

Montag received $10.5M in stock awards, accounting for 53.99% of the total pay in 2019.

Montag also received $7.7M in bonus, $1.3M in salary and $20K in other compensation.

Rankings

In 2019, Thomas K. Montag's compensation ranked 68th out of 5,567 executives tracked by ExecPay. In other words, Montag earned more than 98.8% of executives.

ClassificationRankingPercentile
All
68
out of 5,567
99th
Division
Finance, Insurance, And Real Estate
12
out of 1,265
99th
Major group
Depository Institutions
4
out of 591
99th
Industry group
Commercial Banks
4
out of 502
99th
Industry
National Commercial Banks
4
out of 210
98th

Pay ratio

Thomas K. Montag's Pay$19,494,788
Median Employee's Pay$94,256
Pay Ratio

207

to 1

In 2019, the annual total compensation of Thomas K. Montag was $19,494,788.

The annual total compensation of the median employee at Bank of America was $94,256.

The ratio of Thomas K. Montag's pay to the pay of median employee was therefore 207 to one.

Source: SEC filing on March 9, 2020.

Montag's colleagues

We found four more compensation records of executives who worked with Thomas K. Montag at Bank of America in 2019.

2019

Brian Moynihan

Bank of America

Chief Executive Officer

2019

Paul Donofrio

Bank of America

Chief Financial Officer

2019

Geoffrey Greener

Bank of America

Chief Risk Officer

2019

Dean Athanasia

Bank of America

President, Retail and Preferred &Small Business Banking

News

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