Thomas K. Montag
2020
In 2020, Thomas K. Montag earned a total compensation of $18.9M as Chief Operating Officer at Bank of America, a 3% decrease compared to previous year.
Compensation breakdown
| Bonus | $7,100,000 |
|---|---|
| Salary | $1,250,000 |
| Stock Awards | $10,522,429 |
| Other | $20,000 |
| Total | $18,892,429 |
Montag received $10.5M in stock awards, accounting for 56% of the total pay in 2020.
Montag also received $7.1M in bonus, $1.3M in salary and $20K in other compensation.
Rankings
In 2020, Thomas K. Montag's compensation ranked 251st out of 13,090 executives tracked by ExecPay. In other words, Montag earned more than 98.1% of executives.
| Classification | Ranking | Percentile |
|---|---|---|
All | 251 out of 13,090 | 98th |
Division Finance, Insurance, And Real Estate | 29 out of 2,551 | 99th |
Major group Depository Institutions | 4 out of 1,117 | 100th |
Industry group Commercial Banks | 4 out of 897 | 100th |
Industry National Commercial Banks | 4 out of 317 | 99th |
Pay ratio
| Thomas K. Montag's Pay | $18,892,429 |
|---|---|
| Median Employee's Pay | $94,866 |
| Pay Ratio | 199to 1 |
In 2020, the annual total compensation of Thomas K. Montag was $18,892,429.
The annual total compensation of the median employee at Bank of America was $94,866.
The ratio of Thomas K. Montag's pay to the pay of median employee was therefore 199 to one.
Source: SEC filing on March 8, 2021.
Montag's colleagues
We found four more compensation records of executives who worked with Thomas K. Montag at Bank of America in 2020.
News
Bank of America President, Global Corporate and Investment Banking Matthew Koder receives $26M in 2021
March 7, 2022
Bank of America CEO Brian Moynihan's 2020 pay stays at $26M
March 8, 2021
Bank of America CEO Brian Moynihan's 2019 pay rises 14% to $26M
March 9, 2020
Bank of America CEO Brian Moynihan's 2018 pay rises 4% to $23M
March 13, 2019