Andrew M. Sieg - Jan 25, 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
Stock symbol
BAC
Transactions as of
Jan 25, 2022
Transactions value $
-$1,734,745
Form type
4
Date filed
1/27/2022, 05:45 PM
Previous filing
Jan 28, 2022
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAC Common Stock Options Exercise +75K +27.99% 343K Jan 25, 2022 Direct F1
transaction BAC Common Stock Tax liability -$1.73M -38.2K -11.13% $45.43 305K Jan 25, 2022 Direct F2
holding BAC Common Stock 7.62 Jan 25, 2022 401(k) Plan F3
holding BAC Common Stock 12.6K Jan 25, 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 -75K -50% 75K Jan 25, 2022 Common Stock 75K 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.