Bank of America (NYSE: BAC) director Jose E. Almeida receives 5,365-share equity grant
Rhea-AI Filing Summary
Bank of America director Jose E. Almeida received 5,365 shares of common stock as annual compensation for board service under the Bank of America Corporation Equity Plan. The shares were granted at no cash cost to him and are treated as an acquisition of stock.
Following this grant, Almeida directly holds a total of 33,606 Bank of America common shares. The transaction is characterized as a routine equity award to a non-employee director in a transaction exempt under Rule 16b-3.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,365 shares
Net Buy
1 txn
Insider
ALMEIDA JOSE E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,365 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 33,606 shares (Direct)
Footnotes (1)
- F1. Shares represent payment of annual compensation for services as a director under the Bank of America Corporation Equity Plan in transactions exempt under Rule 16b-3.
Key Figures
Shares granted: 5,365 shares
Post-transaction holdings: 33,606 shares
Grant price per share: $0.0000 per share
3 metrics
Shares granted
5,365 shares
Annual director compensation grant of common stock
Post-transaction holdings
33,606 shares
Total Bank of America common stock directly held after grant
Grant price per share
$0.0000 per share
Reported transaction price for awarded shares
Key Terms
Bank of America Corporation Equity Plan, Rule 16b-3, annual compensation, non-derivative
4 terms
Bank of America Corporation Equity Plan financial
"Shares represent payment of annual compensation for services as a director under the Bank of America Corporation Equity Plan"
Rule 16b-3 regulatory
"under the Bank of America Corporation Equity Plan in transactions exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
annual compensation financial
"Shares represent payment of annual compensation for services as a director"
non-derivative financial
"transaction_type": "non-derivative"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did BAC director Jose E. Almeida report on this Form 4?
Jose E. Almeida reported receiving 5,365 Bank of America common shares as annual director compensation. The shares were granted under the Bank of America Corporation Equity Plan and recorded as a stock acquisition, not an open‑market purchase or sale.
What is the purpose of the BAC equity grant reported by Jose E. Almeida?
The equity grant represents annual compensation for services as a director. The 5,365 Bank of America shares were awarded under the Bank of America Corporation Equity Plan in a transaction exempt from short-swing profit rules under SEC Rule 16b-3.
Is this BAC Form 4 transaction a buy or sell in the open market?
This transaction is not an open-market buy or sell. It is a grant or award acquisition of 5,365 Bank of America shares as director compensation, categorized as a non-derivative stock award exempt under Rule 16b-3 rather than a discretionary trade.