Bernard A. Mensah - Aug 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
Aug 15, 2023
Transactions value $
-$475,477
Form type
4
Date filed
8/17/2023, 04:45 PM
Previous filing
Mar 3, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAC Common Stock Options Exercise +33.8K +30.76% 144K Aug 15, 2023 Direct F1
transaction BAC Common Stock Tax liability -$475K -15.9K -11.06% $29.94 128K Aug 15, 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 Vested Restricted Stock Units Options Exercise -33.8K -100% 0 Aug 15, 2023 Common Stock 33.8K 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 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.