Moynihan Brian T. - 15 Feb 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 Feb 2024
Net transactions value
-$2,438,356
Form type
4
Filing time
20 Feb 2024, 19:04:04 UTC
Previous filing
17 Jan 2024
Next filing
05 Mar 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 +35,637 +1.5% 2,350,509 15 Feb 2024 Direct F1
transaction BAC Common Stock Tax liability $579,599 -17,012 -0.72% $34.07 2,333,497 15 Feb 2024 Direct F2
transaction BAC Common Stock Options Exercise +31,705 +1.4% 2,365,202 15 Feb 2024 Direct F1
transaction BAC Common Stock Tax liability $526,177 -15,444 -0.65% $34.07 2,349,758 15 Feb 2024 Direct F2
transaction BAC Common Stock Options Exercise +39,550 +1.7% 2,389,308 15 Feb 2024 Direct F1
transaction BAC Common Stock Tax liability $658,812 -19,337 -0.81% $34.07 2,369,971 15 Feb 2024 Direct F2
transaction BAC Common Stock Options Exercise +19,776 +0.83% 2,389,747 15 Feb 2024 Direct F3
transaction BAC Common Stock Disposed to Issuer $673,768 -19,776 -0.83% $34.07 2,369,971 15 Feb 2024 Direct
holding BAC Common Stock 3,440 15 Feb 2024 401(k) Plan
holding BAC Common Stock 100,000 15 Feb 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 2021 Restricted Stock Units Options Exercise -35,637 -50% 35,637 15 Feb 2024 Common Stock 35,637 Direct F1, F4
transaction BAC 2022 Restricted Stock Units Options Exercise -31,705 -33% 63,410 15 Feb 2024 Common Stock 31,705 Direct F1, F5
transaction BAC 2023 Restricted Stock Units Options Exercise -39,550 -25% 118,652 15 Feb 2024 Common Stock 39,550 Direct F1, F6
transaction BAC 2023 Cash Settled Restricted Stock Units Options Exercise -19,776 -100% 0 15 Feb 2024 Common Stock 19,776 Direct F3, F7
* 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 unit is the economic equivalent of one share of Bank of America Corporation common stock.
F4 On February 12, 2021, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2022.
F5 On February 15, 2022, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2023.
F6 On February 15, 2023, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2024.
F7 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.