Bank of America (NYSE: BAC) vice chair converts RSUs, withholds stock for taxes
Rhea-AI Filing Summary
Bank of America Corporation executive Bruce R. Thompson reported multiple equity award transactions. On February 15, 2026, he exercised and converted various restricted stock unit grants into common stock at a price of $0.00 per share, reflecting vesting of prior long‑term awards.
To cover tax withholding obligations tied to these vestings, shares of common stock were disposed of at $52.55 per share through transactions coded as tax‑withholding dispositions and certain dispositions to the issuer, rather than open‑market sales. Following these transactions, Thompson directly held 859,151 shares of Bank of America common stock and 40,000 shares of Preferred Stock, Series LL.
He also reported indirect holdings of 225,000 shares of common stock and 60,000 shares of Preferred Stock, Series NN, held by a trust. Each restricted stock unit or similar unit is described as economically equivalent to one share of Bank of America common stock, and the footnotes outline multi‑year vesting and post‑vesting holding schedules for the underlying awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 109,371 shares
Net Buy
37 txns
Insider
Thompson Bruce R.
Role
Vice Chair, Head Ent Credit
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 18,000 | $0.00 | $0.00 |
| Exercise | Vested Restricted Stock Units | 18,000 | $0.00 | $0.00 |
| Exercise | Vested Restricted Stock Units | 18,000 | $0.00 | $0.00 |
| Exercise | Vested Restricted Stock Units | 36,163 | $0.00 | $0.00 |
| Exercise | 2021 Restricted Stock Units | 20,266 | $0.00 | $0.00 |
| Exercise | Vested Restricted Stock Units | 20,266 | $0.00 | $0.00 |
| Exercise | Vested Restricted Stock Units | 20,265 | $0.00 | $0.00 |
| Exercise | 2022 Restricted Stock Units | 40,385 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 50,000 | $0.00 | $0.00 |
| Exercise | 2023 Restricted Stock Units | 21,857 | $0.00 | $0.00 |
| Exercise | 2024 Restricted Stock Units | 14,478 | $0.00 | $0.00 |
| Exercise | 2024 Restricted Stock Units | 14,478 | $0.00 | $0.00 |
| Exercise | 2025 Restricted Stock Units | 12,150 | $0.00 | $0.00 |
| Exercise | 2025 Restricted Stock Units | 12,150 | $0.00 | $0.00 |
| Exercise | Common Stock | 18,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,878 | $52.55 | $467K |
| Exercise | Common Stock | 36,163 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 17,756 | $52.55 | $933K |
| Exercise | Common Stock | 20,265 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,859 | $52.55 | $518K |
| Exercise | Common Stock | 40,385 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 19,619 | $52.55 | $1.03M |
| Exercise | Common Stock | 50,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 24,297 | $52.55 | $1.28M |
| Exercise | Common Stock | 21,857 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 10,608 | $52.55 | $557K |
| Exercise | Common Stock | 14,478 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,020 | $52.55 | $369K |
| Exercise | Common Stock | 14,478 | $0.00 | $0.00 |
| Disposition | Common Stock | 14,478 | $52.55 | $761K |
| Exercise | Common Stock | 12,150 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,890 | $52.55 | $310K |
| Exercise | Common Stock | 12,150 | $0.00 | $0.00 |
| Disposition | Common Stock | 12,150 | $52.55 | $638K |
| holding | Preferred Stock, Series LL | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Preferred Stock, Series NN | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Vested Restricted Stock Units — 38,266 shares (Direct);
2021 Restricted Stock Units — 0 shares (Direct);
2022 Restricted Stock Units — 0 shares (Direct);
2023 Restricted Stock Units — 21,857 shares (Direct);
2024 Restricted Stock Units — 57,913 shares (Direct);
2025 Restricted Stock Units — 72,902 shares (Direct);
Common Stock — 859,151 shares (Direct);
Preferred Stock, Series LL — 40,000 shares (Direct);
Common Stock — 225,000 shares (Indirect, by Trust);
Preferred Stock, Series NN — 60,000 shares (Indirect, by Trust)
Footnotes (13)
- 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. Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
- F4. On February 15, 2019, the reporting person was granted units, with 40% vesting on February 15, 2022 and the remaining 60% vesting in five annual installments of 10%, 14%, 12%, 12%, and 12%, respectively, commencing on February 15, 2022. The net amount of each of the five installments after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.
- F5. On February 14, 2020, the reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2021. The net amount of each of the five installments after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.
- F6. On February 12, 2021, the reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2022. The net amount of each of the five installments after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.
- F7. On February 15, 2022, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2023.
- F8. On February 15, 2022, the reporting person was granted units, vesting in two equal annual installments commencing on February 15, 2025.
- F9. On February 15, 2023, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2024.
- F10. On February 15, 2024, the reporting person was granted units, vesting in shares in four equal annual installments commencing on February 15, 2025.
- F11. On February 15, 2024, the reporting person was granted units, vesting in cash in four equal annual installments commencing on February 15, 2025.
- F12. On February 14, 2025, the reporting person was granted units, vesting in shares in four equal annual installments commencing on February 15, 2026.
- F13. On February 14, 2025, the reporting person was granted units, vesting in cash in four equal annual installments commencing on February 15, 2026.
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FAQ
What insider transactions did BAC executive Bruce R. Thompson report?
Bruce R. Thompson reported multiple equity award transactions, mainly exercises and conversions of restricted stock units into Bank of America common stock. He also reported related share dispositions used to satisfy tax withholding obligations and certain dispositions to the issuer, rather than open‑market selling.
Were Bruce R. Thompson’s BAC stock dispositions open‑market sales?
The dispositions reported are labeled as tax‑withholding and dispositions to the issuer, not open‑market sales. Shares were delivered at $52.55 per share to satisfy exercise price or tax liabilities associated with vesting and conversion of restricted stock unit awards.
What restricted stock unit activity did BAC report for Bruce R. Thompson?
The filing shows exercises and conversions of several restricted stock unit grants, including awards from 2019 through 2025. Each unit is economically equivalent to one share of Bank of America common stock and vests over multi‑year schedules with additional post‑vesting holding requirements.
What preferred stock holdings does Bruce R. Thompson report at Bank of America?
Bruce R. Thompson reports direct ownership of 40,000 shares of Bank of America Preferred Stock, Series LL. He also reports indirect ownership, through a trust, of 60,000 shares of Preferred Stock, Series NN, as of the date of the Form 4 transactions.
How are Bruce R. Thompson’s indirect BAC holdings structured?
Indirect holdings are reported as owned "by Trust" on the Form 4. These include 225,000 shares of Bank of America common stock and 60,000 shares of Preferred Stock, Series NN, indicating the securities are held through a trust associated with the reporting person.