Bernard A. Mensah - 15 Feb 2023 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
President, International
Signature
Bernard A. Mensah / Michael P. Lapp POA
Issuer symbol
BAC
Transactions as of
15 Feb 2023
Net transactions value
-$2,343,475
Form type
4
Filing time
17 Feb 2023, 18:27:37 UTC
Previous filing
06 Sep 2022
Next filing
03 Mar 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 +25,345 +31% 105,969 15 Feb 2023 Direct F1
transaction BAC Common Stock Tax liability $423,626 -11,913 -11% $35.56 94,056 15 Feb 2023 Direct F2
transaction BAC Common Stock Options Exercise +29,763 +32% 123,819 15 Feb 2023 Direct F1
transaction BAC Common Stock Tax liability $497,449 -13,989 -11% $35.56 109,830 15 Feb 2023 Direct F2
transaction BAC Common Stock Options Exercise +40,000 +36% 149,830 15 Feb 2023 Direct F3
transaction BAC Common Stock Disposed to Issuer $1,422,400 -40,000 -27% $35.56 109,830 15 Feb 2023 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 -33,788 -50% 33,788 15 Feb 2023 Common Stock 33,788 Direct F1, F4
transaction BAC Vested Restricted Stock Units Options Exercise +33,788 33,788 15 Feb 2023 Common Stock 33,788 Direct F1, F4
transaction BAC 2018 Restricted Stock Units Options Exercise -25,346 -33% 50,691 15 Feb 2023 Common Stock 25,346 Direct F1, F5
transaction BAC Vested Restricted Stock Units Options Exercise +25,346 +100% 50,691 15 Feb 2023 Common Stock 25,346 Direct F1, F5
transaction BAC Vested Restricted Stock Units Options Exercise -25,345 -50% 25,346 15 Feb 2023 Common Stock 25,345 Direct F1, F5
transaction BAC 2019 Restricted Stock Units Options Exercise -29,763 -25% 89,291 15 Feb 2023 Common Stock 29,763 Direct F1, F6
transaction BAC Vested Restricted Stock Units Options Exercise +29,763 +100% 59,526 15 Feb 2023 Common Stock 29,763 Direct F1, F6
transaction BAC Vested Restricted Stock Units Options Exercise -29,763 -50% 29,763 15 Feb 2023 Common Stock 29,763 Direct F1, F6
transaction BAC 2020 Restricted Stock Units Options Exercise -24,966 -20% 99,864 15 Feb 2023 Common Stock 24,966 Direct F1, F7
transaction BAC Vested Restricted Stock Units Options Exercise +24,966 24,966 15 Feb 2023 Common Stock 24,966 Direct F1, F7
transaction BAC Phantom Stock Units Options Exercise -40,000 -40% 60,000 15 Feb 2023 Common Stock 40,000 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 phantom stock 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 14, 2020, the reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2023. The net amount of each installment 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 phantom units, with 40% vesting on February 15, 2023 and the remaining 60% vesting in five equal annual installments commencing on February 15, 2025. 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.