Bernard A. Mensah - Feb 15, 2023 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, 2023
Transactions value $
-$2,343,475
Form type
4
Date filed
2/17/2023, 06:27 PM
Previous filing
Sep 6, 2022
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 +25.3K +31.44% 106K Feb 15, 2023 Direct F1
transaction BAC Common Stock Tax liability -$424K -11.9K -11.24% $35.56 94.1K Feb 15, 2023 Direct F2
transaction BAC Common Stock Options Exercise +29.8K +31.64% 124K Feb 15, 2023 Direct F1
transaction BAC Common Stock Tax liability -$497K -14K -11.3% $35.56 110K Feb 15, 2023 Direct F2
transaction BAC Common Stock Options Exercise +40K +36.42% 150K Feb 15, 2023 Direct F3
transaction BAC Common Stock Disposed to Issuer -$1.42M -40K -26.7% $35.56 110K Feb 15, 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 -33.8K -50% 33.8K Feb 15, 2023 Common Stock 33.8K Direct F1, F4
transaction BAC Vested Restricted Stock Units Options Exercise +33.8K 33.8K Feb 15, 2023 Common Stock 33.8K Direct F1, F4
transaction BAC 2018 Restricted Stock Units Options Exercise -25.3K -33.33% 50.7K Feb 15, 2023 Common Stock 25.3K Direct F1, F5
transaction BAC Vested Restricted Stock Units Options Exercise +25.3K +100% 50.7K Feb 15, 2023 Common Stock 25.3K Direct F1, F5
transaction BAC Vested Restricted Stock Units Options Exercise -25.3K -50% 25.3K Feb 15, 2023 Common Stock 25.3K Direct F1, F5
transaction BAC 2019 Restricted Stock Units Options Exercise -29.8K -25% 89.3K Feb 15, 2023 Common Stock 29.8K Direct F1, F6
transaction BAC Vested Restricted Stock Units Options Exercise +29.8K +100% 59.5K Feb 15, 2023 Common Stock 29.8K Direct F1, F6
transaction BAC Vested Restricted Stock Units Options Exercise -29.8K -50% 29.8K Feb 15, 2023 Common Stock 29.8K Direct F1, F6
transaction BAC 2020 Restricted Stock Units Options Exercise -25K -20% 99.9K Feb 15, 2023 Common Stock 25K Direct F1, F7
transaction BAC Vested Restricted Stock Units Options Exercise +25K 25K Feb 15, 2023 Common Stock 25K Direct F1, F7
transaction BAC Phantom Stock Units Options Exercise -40K -40% 60K Feb 15, 2023 Common Stock 40K 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.