Bernard A. Mensah - 01 Mar 2023 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Role
President, International
Signature
Bernard A. Mensah / Michael P. Lapp POA
Issuer symbol
BAC
Transactions as of
01 Mar 2023
Net transactions value
-$48,888
Form type
4
Filing time
03 Mar 2023, 16:48:48 UTC
Previous filing
15 Feb 2023
Next filing
17 Aug 2023
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 +1,432 +1.3% 111,262 01 Mar 2023 Direct F1
transaction BAC Common Stock Disposed to Issuer $48,888 -1,432 -1.3% $34.14 109,830 01 Mar 2023 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 Phantom Stock Units Options Exercise -1,799 -50% 1,800 01 Mar 2023 Common Stock 1,799 Direct F1, F2
transaction BAC Vested Phantom Stock Units Options Exercise +1,799 1,799 01 Mar 2023 Common Stock 1,799 Direct F1, F2
transaction BAC Phantom Stock Units Options Exercise -1,431 -33% 2,864 01 Mar 2023 Common Stock 1,431 Direct F1, F3
transaction BAC Vested Phantom Stock Units Options Exercise +1,431 +100% 2,863 01 Mar 2023 Common Stock 1,431 Direct F1, F3
transaction BAC Vested Phantom Stock Units Options Exercise -1,432 -50% 1,431 01 Mar 2023 Common Stock 1,432 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom stock unit is the economic equivalent of one share of Bank of America Corporation common stock.
F2 On March 1, 2017, the reporting person was granted phantom units, vesting in five equal annual installments commencing on March 1, 2020. The net amount of each installment after any applicable tax withholding is subject to an additional six-month holding period after vesting.
F3 On March 1, 2018, the reporting person was granted phantom units, vesting in five equal annual installments commencing on March 1, 2021. The net amount of each installment after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.