Bruce R. Thompson - 14 Feb 2025 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: 14 Feb 2025
Net transactions value: $0
Form type: 4
Filing time: 14 Feb 2025, 21:30:06 UTC
Previous filing: 01 Nov 2024
Next filing: 19 Feb 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	BAC	Common Stock						630,716	14 Feb 2025	Direct
holding	BAC	Preferred Stock, Series LL						40,000	14 Feb 2025	Direct
holding	BAC	Common Stock						225,000	14 Feb 2025	by Trust
holding	BAC	Preferred Stock, Series NN						60,000	14 Feb 2025	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	2025 Performance Restricted Stock Units	Award		+97,202			97,202	14 Feb 2025	Common Stock	97,202		Direct	F1, F2
transaction	BAC	2025 Restricted Stock Units	Award		+48,601			48,601	14 Feb 2025	Common Stock	48,601		Direct	F1, F3
transaction	BAC	2025 Restricted Stock Units	Award		+48,601			48,601	14 Feb 2025	Common Stock	48,601		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, 2025 and ending December 31, 2027. To the extent earned, the award will be settled in shares on March 1, 2028. 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, 2026.
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, 2026.