Alastair M. Borthwick - 25 Jan 2023 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
Chief Financial Officer
Signature
Alastair M. Borthwick / Michael P. Lapp POA
Issuer symbol
BAC
Transactions as of
25 Jan 2023
Net transactions value
-$1,435,633
Form type
4
Filing time
27 Jan 2023, 17:04:49 UTC
Previous filing
15 Feb 2022
Next filing
15 Feb 2023
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 +33% 301,228 25 Jan 2023 Direct F1
transaction BAC Common Stock Tax liability $1,435,633 -41,171 -14% $34.87 260,057 25 Jan 2023 Direct F2

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 -100% 0 25 Jan 2023 Common Stock 75,000 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 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 On January 25, 2019, the reporting person was granted units, vesting in two equal annual installments commencing on January 25, 2022.