Brian T. Moynihan - Feb 15, 2023 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
Chairman and CEO, Director
Signature
Brian T. Moynihan / Michael P. Lapp POA
Stock symbol
BAC
Transactions as of
Feb 15, 2023
Transactions value $
-$2,408,834
Form type
4
Date filed
2/17/2023, 06:01 PM
Previous filing
Jan 18, 2023
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction BAC Common Stock Options Exercise +48.4K +2.33% 2.12M Feb 15, 2023 Direct F1
transaction BAC Common Stock Tax liability -$763K -21.4K -1.01% $35.56 2.1M Feb 15, 2023 Direct F2
transaction BAC Common Stock Options Exercise +35.6K +1.7% 2.14M Feb 15, 2023 Direct F1
transaction BAC Common Stock Tax liability -$569K -16K -0.75% $35.56 2.12M Feb 15, 2023 Direct F2
transaction BAC Common Stock Options Exercise +31.7K +1.5% 2.15M Feb 15, 2023 Direct F1
transaction BAC Common Stock Tax liability -$513K -14.4K -0.67% $35.56 2.14M Feb 15, 2023 Direct F2
transaction BAC Common Stock Options Exercise +15.9K +0.74% 2.15M Feb 15, 2023 Direct F3
transaction BAC Common Stock Disposed to Issuer -$564K -15.9K -0.74% $35.56 2.14M Feb 15, 2023 Direct
holding BAC Common Stock 3.33K Feb 15, 2023 401(k) Plan
holding BAC Common Stock 100K Feb 15, 2023 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 2020 Restricted Stock Units Options Exercise -48.4K -100% 0 Feb 15, 2023 Common Stock 48.4K Direct F1, F4
transaction BAC 2021 Restricted Stock Units Options Exercise -35.6K -33.33% 71.3K Feb 15, 2023 Common Stock 35.6K Direct F1, F5
transaction BAC 2022 Restricted Stock Units Options Exercise -31.7K -25% 95.1K Feb 15, 2023 Common Stock 31.7K Direct F1, F6
transaction BAC 2022 Cash Settled Restricted Stock Units Options Exercise -15.9K -100% 0 Feb 15, 2023 Common Stock 15.9K Direct F3, F7

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 14, 2020, the reporting person was granted units, vesting in three equal annual installments commencing on February 15, 2021.
F5 On February 12, 2021, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2022.
F6 On February 15, 2022, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2023.
F7 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.