BRIAN T. MOYNIHAN - 15 Feb 2022 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 Feb 2022
Net transactions value: $0
Form type: 4
Filing time: 15 Feb 2022, 19:48:25 UTC
Previous filing: 19 Jan 2022
Next filing: 03 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BAC	Common Stock						1,874,019	15 Feb 2022	Direct
holding	BAC	Common Stock						3,229	15 Feb 2022	401(k) Plan
holding	BAC	Common Stock						100,000	15 Feb 2022	By Trust

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	2022 Cash Settled Restricted Stock Units	Award		+190,229			190,229	15 Feb 2022	Common Stock	190,229		Direct	F1, F2
transaction	BAC	2022 Performance Restricted Stock Units	Award		+317,048			317,048	15 Feb 2022	Common Stock	317,048		Direct	F3, F4
transaction	BAC	2022 Restricted Stock Units	Award		+126,820			126,820	15 Feb 2022	Common Stock	126,820		Direct	F3, F5

* 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	Award under the Bank of America Corporation Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units vest and are payable solely in cash as follows: 1/12th on the 15th day of each month during the 12-month period beginning March 2022 and ending in February 2023.
F3	Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
F4	Award under the Bank of America Corporation Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units are subject to the attainment of pre-established performance goals. One-half of the units have performance goals based on the Company's three-year average return on assets and one-half of the units have performance goals based on the Company's three-year average growth in adjusted tangible book value, both beginning on January 1, 2022 and ending December 31, 2024. To the extent earned, the award will be settled in shares on March 1, 2025. The reported number of units represents the "maximum" amount of the award (i.e., 100%); the actual award upon vesting may range between 0% and 100% of the maximum, depending upon satisfaction of the performance goals.
F5	Award under the Bank of America Corporation Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units vest in four equal annual installments commencing February 15, 2023.