Wednesday, October 30, 2019

BofA to award employee incentives for third year in a row

Bank of America Corp. (NYSE: BAC) is once again awarding incentives to about 95% of its workforce, according to an internal memo obtained by the Charlotte Business Journal. Employees making $100,000 or less in annual compensation will receive a $1,000 cash bonus in December. Those making $100,000 to $350,000 in annual compensation will receive between 200 and 500 restricted stock units in the first quarter of 2020 — a stock award that will vest over a period of four years. This is the third year…


from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2019/10/30/bofa-to-award-employee-incentives-for-third-year.html?ana=RSS&s=article_search

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