Bruce R. Thompson - 15 Feb 2024 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
Vice Chair, Head Ent Credit
Signature
Bruce R. Thompson / Michael P. Lapp POA
Issuer symbol
BAC
Transactions as of
15 Feb 2024
Net transactions value
$0
Form type
4
Filing time
16 Feb 2024, 19:59:50 UTC
Previous filing
15 Feb 2023
Next filing
03 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BAC Common Stock 778,640 15 Feb 2024 Direct
holding BAC Preferred Stock, Series LL 40,000 15 Feb 2024 Direct
holding BAC Preferred Stock, Series NN 60,000 15 Feb 2024 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 2024 Performance Restricted Stock Units Award +115,825 115,825 15 Feb 2024 Common Stock 115,825 Direct F1, F2
transaction BAC 2024 Restricted Stock Units Award +57,913 57,913 15 Feb 2024 Common Stock 57,913 Direct F1, F3
transaction BAC 2024 Restricted Stock Units Award +57,912 57,912 15 Feb 2024 Common Stock 57,912 Direct F4, F5
* 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 Award under the Bank of America Corporation Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units are subject to the attainment of pre-established performance goals. One-half of the units have performance goals based on the Company's three-year average return on assets and one-half of the units have performance goals based on the Company's three-year average growth in adjusted tangible book value, both beginning on January 1, 2024 and ending December 31, 2026. To the extent earned, the award will be settled in shares on March 1, 2027. The reported number of units represents the "maximum" amount of the award (i.e., 100%); the actual award upon vesting may range between 0% and 100% of the maximum, depending upon satisfaction of the performance goals.
F3 Award under the Bank of America Corporation Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units are settled in shares and vest in four equal annual installments commencing February 15, 2025.
F4 Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
F5 Award under the Bank of America Corporation Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units are settled in cash and vest in four equal annual installments commencing February 15, 2025.