Alastair M. Borthwick - 15 Feb 2024 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
Chief Financial Officer
Signature
Alastair M. Borthwick / Michael P. Lapp POA
Issuer symbol
BAC
Transactions as of
15 Feb 2024
Net transactions value
-$1,887,989
Form type
4
Filing time
20 Feb 2024, 19:19:31 UTC
Previous filing
26 Jul 2023
Next filing
23 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 +25,000 +8% 337,065 15 Feb 2024 Direct F1
transaction BAC Common Stock Tax liability $471,018 -13,825 -4.1% $34.07 323,240 15 Feb 2024 Direct F2
transaction BAC Common Stock Options Exercise +39,317 +12% 362,557 15 Feb 2024 Direct F1
transaction BAC Common Stock Tax liability $740,784 -21,743 -6% $34.07 340,814 15 Feb 2024 Direct F2
transaction BAC Common Stock Options Exercise +16,113 +4.7% 356,927 15 Feb 2024 Direct F1
transaction BAC Common Stock Tax liability $303,598 -8,911 -2.5% $34.07 348,016 15 Feb 2024 Direct F2
transaction BAC Common Stock Options Exercise +19,775 +5.7% 367,791 15 Feb 2024 Direct F1
transaction BAC Common Stock Tax liability $372,590 -10,936 -3% $34.07 356,855 15 Feb 2024 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 Restricted Stock Units Options Exercise -25,000 -50% 25,000 15 Feb 2024 Common Stock 25,000 Direct F1, F3
transaction BAC 2021 Restricted Stock Units Options Exercise -39,317 -50% 39,317 15 Feb 2024 Common Stock 39,317 Direct F1, F4
transaction BAC 2022 Restricted Stock Units Options Exercise -16,113 -33% 32,225 15 Feb 2024 Common Stock 16,113 Direct F1, F5
transaction BAC 2023 Restricted Stock Units Options Exercise -19,775 -25% 59,326 15 Feb 2024 Common Stock 19,775 Direct F1, F6
* 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 12, 2021, the reporting person was granted units, vesting in two equal annual installments commencing on February 15, 2024.
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.