Moynihan Brian T. - 15 Jul 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 Jul 2022
Net transactions value
-$511,259
Form type
4
Filing time
19 Jul 2022, 16:06:26 UTC
Previous filing
17 Jun 2022
Next filing
17 Aug 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 +15,853 +0.73% 2,199,115 15 Jul 2022 Direct F1
transaction BAC Common Stock Disposed to Issuer $511,259 -15,853 -0.72% $32.25 2,183,262 15 Jul 2022 Direct
holding BAC Common Stock 3,294 15 Jul 2022 401(k) Plan F2
holding BAC Common Stock 100,000 15 Jul 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 Options Exercise -15,853 -13% 110,967 15 Jul 2022 Common Stock 15,853 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 43.291 shares due to dividend reinvestments and changes in the Net Asset Value (NAV) of the issuer's stock fund.
F3 On February 15, 2022, 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 2022 and ending in February 2023.