Geoffrey S. Greener - Mar 1, 2024 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Signature
Geoffrey S. Greener / Michael P. Lapp POA
Stock symbol
BAC
Transactions as of
Mar 1, 2024
Transactions value $
-$1,795,303
Form type
4
Date filed
3/5/2024, 05:50 PM
Previous filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAC Common Stock Options Exercise +102K +8.43% 1.32M Mar 1, 2024 Revocable Trust F1
transaction BAC Common Stock Tax liability -$1.8M -52.3K -3.97% $34.35 1.26M Mar 1, 2024 Revocable Trust 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 2021 Performance Restricted Stock Units Options Exercise -102K -100% 0 Mar 1, 2024 Common Stock 102K 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 12, 2021, the reporting person was granted units, subject to the Company's attainment of 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, 2021 and ending December 31, 2023. For the performance period, an amount equaling 100% of the target was earned. All units earned were settled in shares on March 1, 2024, and no units remain outstanding.