For the sixth year running, the majority of Bank of America Corp.’s employees worldwide will receive stock awards, the company announced in a memo to employees on Tuesday.
According to the memo, which did not state how many shares would be awarded, the second-largest U.S. lender will give 96% of its nearly 217,000 employees company shares that vest over four years.
According to the memo, a smaller percentage of eligible bank employees who make less than $500,000 annually will receive cash payments in addition to the stock awards.
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