Andrew M. Sieg - 25 Jan 2022 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
Pres, Merill Wealth Mgmt
Signature
Andrew M. Sieg / Michael P. Lapp POA
Issuer symbol
BAC
Transactions as of
25 Jan 2022
Net transactions value
-$1,734,745
Form type
4
Filing time
27 Jan 2022, 17:45:35 UTC
Previous filing
28 Jan 2022
Next filing
15 Feb 2022
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 +75,000 +28% 342,997 25 Jan 2022 Direct F1
transaction BAC Common Stock Tax liability $1,734,745 -38,185 -11% $45.43 304,812 25 Jan 2022 Direct F2
holding BAC Common Stock 8 25 Jan 2022 401(k) Plan F3
holding BAC Common Stock 12,618 25 Jan 2022 By Spouse

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 Restricted Stock Units Options Exercise -75,000 -50% 75,000 25 Jan 2022 Common Stock 75,000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
F2 Disposition of shares to the issuer to satisfy a tax withholding obligation.
F3 The share equivalents attributed to the reporting person's 401(k) balance increased 0.0886 shares due to dividend reinvestments and changes in the Net Asset Value (NAV) of the issuer's stock fund.
F4 On January 25, 2019, the reporting person was granted units, vesting in two equal annual installments commencing on January 25, 2022.