Overview
- This year’s awards equal nearly 19 million shares of BAC common stock, with most grants delivered as stock to align employees with shareholders.
- The Sharing Success program has provided nearly $6.8 billion in awards since its 2017 launch across nine consecutive years.
- Eligibility extends to almost all employees except senior management, and the awards come in addition to regular compensation and incentives.
- Bank of America recently raised its U.S. minimum wage to $25 per hour, lifting the minimum annualized pay for full-time employees above $50,000.
- The company cited expanded skills-based hiring, a plan to increase military hiring by 10,000, broader community college recruitment, and new jobs in financial centers in high-growth markets.