Moynihan Brian T. - 15 Jan 2024 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
Chair and CEO, Director
Signature
Brian T. Moynihan / Michael P. Lapp POA
Issuer symbol
BAC
Transactions as of
15 Jan 2024
Net transactions value
-$648,620
Form type
4
Filing time
17 Jan 2024, 16:07:11 UTC
Previous filing
19 Dec 2023
Next filing
16 Feb 2024
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 +19,775 +0.85% 2,334,647 15 Jan 2024 Direct F1
transaction BAC Common Stock Disposed to Issuer $648,620 -19,775 -0.85% $32.80 2,314,872 15 Jan 2024 Direct
holding BAC Common Stock 3,440 15 Jan 2024 401(k) Plan F2
holding BAC Common Stock 100,000 15 Jan 2024 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 2023 Cash Settled Restricted Stock Units Options Exercise -19,775 -50% 19,776 15 Jan 2024 Common Stock 19,775 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 is the economic equivalent of one share of Bank of America Corporation common stock.
F2 The share equivalents attributed to the reporting person's 401(k) balance increased 13.989 shares due to dividend reinvestments and changes in the Net Asset Value of the issuer's stock fund.
F3 On February 15, 2023, 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 2023 and ending in February 2024.