Moynihan Brian T. - 15 Jul 2021 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
Chairman and CEO, Director
Signature
Brian T. Moynihan / Michael P. Lapp POA
Issuer symbol
BAC
Transactions as of
15 Jul 2021
Net transactions value
-$691,912
Form type
4
Filing time
19 Jul 2021, 16:02:37 UTC
Previous filing
17 Jun 2021
Next filing
17 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAC Common Stock Options Exercise +17,819 +0.89% 2,028,838 15 Jul 2021 Direct F1
transaction BAC Common Stock Disposed to Issuer $691,912 -17,819 -0.88% $38.83 2,011,019 15 Jul 2021 Direct
holding BAC Common Stock 3,206 15 Jul 2021 401(k) Plan F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BAC 2021 Cash Settled Restricted Stock Units Options Exercise -17,819 -13% 124,729 15 Jul 2021 Common Stock 17,819 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
F2 The share equivalents attributed to the reporting person's 401(k) balance increased 8.956 shares due to dividend reinvestments and changes in the Net Asset Value (NAV) of the issuer's stock fund.
F3 On February 12, 2021, the reporting person was granted units, vesting and payable solely in cash as follows: 1/12th of the stock units vest and become payable on the 15th day of each month during the 12-month period beginning in March 2021 and ending in February 2022.