Last updated: 18 July 2024 at 4:15pm EST

Thomas Montag Net Worth




The estimated Net Worth of Thomas K. Montag is at least $25 Million dollars as of 16 July 2024. Mr. Montag owns over 10,000 units of Bank Of America stock worth over $485,550 and over the last 7 years he sold BAC stock worth over $5,050,400. In addition, he makes $19,494,800 as Chief Operating Officer at Bank Of America.

Mr. Montag BAC stock SEC Form 4 insiders trading

Thomas has made over 11 trades of the Bank Of America stock since 2018, according to the Form 4 filled with the SEC. Most recently he sold 10,000 units of BAC stock worth $5,050,400 on 16 July 2024.

The largest trade he's ever made was exercising 2,102,216 units of Bank Of America stock on 3 August 2018 worth over $64,559,053. On average, Thomas trades about 236,085 units every 138 days since 2018. As of 16 July 2024 he still owns at least 12,450 units of Bank Of America stock.

You can see the complete history of Mr. Montag stock trades at the bottom of the page.





Thomas Montag biography

Thomas K. Montag serves as Chief Operating Officer of the Company. He was Co-chief Operating Officer from September 2011 to September 2014; and President, Global Banking and Markets from August 2009 to September 2011. He was President, Global Markets from January 2009 to August 2009; Executive Vice President and Head of Global Sales and Trading of Merrill Lynch & Co., Inc. from August 2008 to December 2008, Co-head, Global Securities of The Goldman Sachs Group, Inc. from 2006 to 2008; Member, Management Committee of The Goldman Sachs Group, Inc. from 2002 to 2008; and Member, Fixed Income, Currency and Commodities & Equities Executive Committee of The Goldman Sachs Group, Inc. from 2000 to 2008.

What is the salary of Thomas Montag?

As the Chief Operating Officer of Bank Of America, the total compensation of Thomas Montag at Bank Of America is $19,494,800. There are 1 executives at Bank Of America getting paid more, with Brian Moynihan having the highest compensation of $26,039,200.



How old is Thomas Montag?

Thomas Montag is 63, he's been the Chief Operating Officer of Bank Of America since 2014. There are 12 older and 23 younger executives at Bank Of America. The oldest executive at Bank Of America Corp. is Jack Bovender, 74, who is the Lead Independent Director.

What's Thomas Montag's mailing address?

Thomas's mailing address filed with the SEC is C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK, NY, 10282.

Insiders trading at Bank Of America

Over the last 8 years, insiders at Bank Of America have traded over $7,236,583,919 worth of Bank Of America stock and bought 85,142,006 units worth $2,071,504,728 . The most active insiders traders include Hathaway Incbuffett Warren ..., Brian T Moynihan, and Thomas K. Montag. On average, Bank Of America executives and independent directors trade stock every 7 days with the average trade being worth of $30,911,088. The most recent stock trade was executed by Hathaway Incbuffett Warren ... on 6 September 2024, trading 5,797,093 units of BAC stock currently worth $228,695,319.



What does Bank Of America do?

The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded in San Francisco, California.



What does Bank Of America's logo look like?

Bank Of America Corp. logo

Complete history of Mr. Montag stock trades at Bank Of America and Goldman Sachs

Date
#
Company
Insider
Trans.
Transaction
Shares Price per share Total value Shares after Source
16 Jul 2024 Thomas K. Montag
Director
Sale 10,000 $505.04 $5,050,400
16 Jul 2024
12,450
1 Mar 2021 Thomas K. Montag
Chief Operating Officer
Option 226,350 $35.79 $8,101,067
1 Mar 2021
2,591,936
15 Feb 2021 Thomas K. Montag
Chief Operating Officer
Option 180,144 $33.37 $6,011,405
15 Feb 2021
2,424,705
1 Mar 2020 Thomas K. Montag
Chief Operating Officer
Option 210,912 $28.50 $6,010,992
1 Mar 2020
2,315,528
15 Feb 2020 Thomas K. Montag
Chief Operating Officer
Option 192,997 $34.85 $6,725,945
15 Feb 2020
2,250,098
1 Mar 2019 Thomas K. Montag
Chief Operating Officer
Option 345,239 $29.31 $10,118,955
1 Mar 2019
2,307,757
15 Feb 2019 Thomas K. Montag
Chief Operating Officer
Option 240,816 $29.11 $7,010,154
15 Feb 2019
1,992,874
3 Aug 2018 Thomas K. Montag
Chief Operating Officer
Option 2,102,216 $30.71 $64,559,053
3 Aug 2018
3,927,118
1 Mar 2018 Thomas K. Montag
Chief Operating Officer
Option 240,741 $31.48 $7,578,527
1 Mar 2018
1,912,866
15 Feb 2018 Thomas K. Montag
Chief Operating Officer
Option 183,779 $32.20 $5,917,684
15 Feb 2018
1,708,687
13 Feb 2018 Thomas K. Montag
Chief Operating Officer
Option 80,247 $31.18 $2,502,101
13 Feb 2018
1,628,862


Bank Of America executives and stock owners

Bank Of America executives and other stock owners filed with the SEC include: