Bank of America President, Global Corporate and Investment Banking Matthew Koder receives $26M in 2021
Bank of America reports 2021 executive compensation
By ExecPay News
Published: March 7, 2022
Bank of America reported fiscal year 2021 executive compensation information on March 7, 2022.
In 2021, six executives at Bank of America received on average a compensation package of $18M, a 12% increase compared to previous year.
Average pay of disclosed executives at Bank of America
Matthew M. Koder, President, Global Corporate and Investment Banking, received $26M in total. 75% of Koder's compensation, or $19M, was in stock awards. Koder also received $5.8M in bonus, $667K in salary, as well as $40K in other compensation.
For fiscal year 2021, the median employee pay was $102,497 at Bank of America. Therefore, the ratio of Matthew M. Koder's pay to the median employee pay was 251 to one.
Brian T. Moynihan, Chief Executive Officer, received a compensation package of $24M, which decreased by 9% compared to previous year. 90% of the compensation package, or $21M, was in stock awards.
Thomas K. Montag, Chief Operating Officer, earned $19M in 2021, a 1% increase compared to previous year.
James P. DeMare, President, Global Markets, received $16M in 2021.
Paul M. Donofrio, Chief Financial Officer, earned $13M in 2021, a 4% increase compared to previous year.
Alastair M. Borthwick, Chief Financial Officer, received $11M in 2021.
Related executives
Brian Moynihan
Bank of America
Chief Executive Officer
Alastair Borthwick
Bank of America
Chief Financial Officer
Paul Donofrio
Bank of America
Chief Financial Officer
James DeMare
Bank of America
President, Global Markets
Matthew Koder
Bank of America
President, Global Corporate and Investment Banking
Thomas Montag
Bank of America
Chief Operating Officer
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Source: SEC filing on March 7, 2022.