Bernard A. Mensah - Feb 15, 2022 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
President, International
Signature
Bernard A. Mensah / Michael P. Lapp POA
Stock symbol
BAC
Transactions as of
Feb 15, 2022
Transactions value $
-$2,898,081
Form type
4
Date filed
2/17/2022, 08:12 PM
Previous filing
Oct 29, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAC Common Stock Options Exercise +25.3K +141.54% 43.3K Feb 15, 2022 Direct F1
transaction BAC Common Stock Tax liability -$569K -11.9K -27.54% $47.79 31.3K Feb 15, 2022 Direct F2
transaction BAC Common Stock Options Exercise +60K +191.45% 91.3K Feb 15, 2022 Direct F1
transaction BAC Common Stock Tax liability -$1.35M -28.2K -30.87% $47.79 63.1K Feb 15, 2022 Direct F2
transaction BAC Common Stock Options Exercise +20.5K +32.51% 83.7K Feb 15, 2022 Direct F3
transaction BAC Common Stock Disposed to Issuer -$981K -20.5K -24.54% $47.79 63.1K Feb 15, 2022 Direct

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 2017 Restricted Stock Units Options Exercise -33.8K -33.33% 67.6K Feb 15, 2022 Common Stock 33.8K Direct F1, F4
transaction BAC Vested Restricted Stock Units Options Exercise +33.8K 33.8K Feb 15, 2022 Common Stock 33.8K Direct F1, F4
transaction BAC 2018 Restricted Stock Units Options Exercise -25.3K -20% 101K Feb 15, 2022 Common Stock 25.3K Direct F1, F5
transaction BAC 2018 Restricted Stock Units Options Exercise -25.3K -25% 76K Feb 15, 2022 Common Stock 25.3K Direct F1, F5
transaction BAC Vested Restricted Stock Units Options Exercise +25.3K 25.3K Feb 15, 2022 Common Stock 25.3K Direct F1, F5
transaction BAC 2019 Restricted Stock Units Options Exercise -29.8K -20% 119K Feb 15, 2022 Common Stock 29.8K Direct F1, F6
transaction BAC Vested Restricted Stock Units Options Exercise +29.8K 29.8K Feb 15, 2022 Common Stock 29.8K Direct F1, F6
transaction BAC Restricted Stock Units Options Exercise -60K -40% 90K Feb 15, 2022 Common Stock 60K Direct F1, F7
transaction BAC Cash Settled Restricted Stock Units Options Exercise -20.5K -100% 0 Feb 15, 2022 Common Stock 20.5K Direct F3, F8
* 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 Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
F4 On February 15, 2017, the reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2020. The net amount of each installment after any applicable tax withholding is subject to an additional six-month holding period after vesting.
F5 On February 15, 2018, the reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2021. The net amount of each installment after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.
F6 On February 15, 2019, the reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2022. The net amount of each installment after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.
F7 On February 15, 2019, the reporting person was granted units, with 40% vesting on February 15, 2022 and the remaining 60% vesting in five equal annual installments commencing on February 15, 2024. The net amount of each of the five installments after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.
F8 On February 12 2021, the reporting person was granted units, earned and payable upon grant and to be settled in one installment on February 15, 2022.