Bank of America announced it will award $1 billion in stock to non-executive employees through its Sharing Success Program, equivalent to nearly 19 million shares. The grant covers 96% of the bank’s 213,000-strong workforce, excluding only executive management. Awards are provided in addition to regular compensation and incentive plans and reflect the ninth consecutive year of the program’s deployment.

By delivering equity grants that make employees partial owners, Bank of America aims to reinforce engagement and retention across its retail, commercial and corporate divisions. CEO Brian Moynihan emphasized that stock awards align employees’ financial interests with those of long-term shareholders, turning teammates into stakeholders as BofA pursues strategic growth initiatives and digital expansion.

Since its 2017 launch, the Sharing Success Program has distributed nearly $6.8 billion in stock to employees. The latest $1 billion outlay follows a year of robust financial performance, including double-digit growth in net income and a sequential rise in return on tangible common equity, underscoring the bank’s capital strength and commitment to returning value to both employees and shareholders.

Moynihan cited tax rate stability from recent federal reforms as a key factor enabling long-term planning and consistent profitability. For investors, broad-based equity awards signal confidence in sustained earnings power and a disciplined capital allocation strategy. By fostering a culture of shared success, Bank of America seeks to drive productivity, reduce turnover costs and enhance its competitive position in an evolving financial services landscape.