Bank of America (NYSE: BAC) CEO cashes RSUs, returns 18,083 shares
Rhea-AI Filing Summary
BANK OF AMERICA CORP (BAC) reported a Form 4 for Chair and CEO Brian T. Moynihan. On August 15, 2026 he exercised 18,083 2026 Cash Settled Restricted Stock Units, each economically equivalent to one share of common stock but payable solely in cash, reducing this derivative position and leaving 108,497 units outstanding. The exercise generated 18,083 shares of common stock, which were then returned to the issuer in a disposition at $64.49 per share. Indirect holdings after these transactions include 3,623.132 shares in a 401(k) plan and 100,000 shares held by a trust.
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Insights
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Insider Trade Summary
18,083 shares exercised/converted
Exercise
5 txns
Insider
MOYNIHAN BRIAN T
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2026 Cash Settled Restricted Stock Units F1, F2 | 18,083 | -- | -- |
| Exercise | Common Stock F1 | 18,083 | -- | -- |
| Disposition | Common Stock | 18,083 | $64.49 | $1.17M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2026 Cash Settled Restricted Stock Units — 108,497 shares (Direct);
Common Stock — 2,699,612 shares (Direct);
Common Stock — 3,623.132 shares (Indirect, 401(k) Plan);
Common Stock — 100,000 shares (Indirect, By Trust)
Footnotes (2)
- F1. Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
- F2. On February 13, 2026, the reporting person was granted units, vesting and payable solely in cash as follows: 1/12th of the stock units vest and become payable on the 15th day of each month during the 12-month period beginning in March 2026 and ending in February 2027.
Key Figures
RSUs exercised: 18,083 units
Derivative units remaining: 108,497 units
Shares disposed to issuer: 18,083 shares
+5 more
8 metrics
RSUs exercised
18,083 units
2026 Cash Settled Restricted Stock Units exercised on August 15, 2026
Derivative units remaining
108,497 units
2026 Cash Settled Restricted Stock Units following the reported exercise
Shares disposed to issuer
18,083 shares
Common stock returned to issuer in disposition on August 15, 2026
Disposition price
$64.49 per share
Price for 18,083 BAC common shares disposed to issuer
Indirect 401(k) holdings
3,623.132 shares
BAC common stock held indirectly through a 401(k) Plan after transactions
Indirect trust holdings
100,000 shares
BAC common stock held indirectly by a trust after transactions
RSU vesting period
12 months
1/12th of units vest monthly from March 2026 through February 2027
RSU expiration date
February 15, 2027
Expiration date for the 2026 Cash Settled Restricted Stock Units
Key Terms
Cash Settled Restricted Stock Units, Disposition to issuer, economic equivalent, 401(k) Plan, +1 more
5 terms
Cash Settled Restricted Stock Units financial
"2026 Cash Settled Restricted Stock Units, each economically equivalent to one share"
Cash-settled restricted stock units are employee compensation promises that mirror the value of company shares but pay out in cash instead of delivering actual stock once the units vest. Think of them as a future paycheck tied to the company’s share price that is paid after time or performance conditions are met. Investors watch them because they create future cash obligations for the company and avoid share dilution, both of which can affect earnings, cash flow and per-share metrics.
Disposition to issuer financial
"transaction code "D" described as Disposition to issuer for common stock"
economic equivalent financial
"Each unit is the economic equivalent of one share of common stock"
401(k) Plan financial
"Indirect ownership reported as 3,623.132 shares through a 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
By Trust financial
"Indirect ownership reported as 100,000 shares with nature of ownership By Trust"
FAQ
What insider transaction did BAC CEO Brian Moynihan report on this Form 4 for BAC?
Brian Moynihan reported exercising 18,083 cash-settled restricted stock units and a related disposition of 18,083 common shares back to Bank of America at $64.49 per share on August 15, 2026.
How many BAC cash-settled restricted stock units does Brian Moynihan hold after this filing?
After the reported exercise, Brian Moynihan holds 108,497 2026 Cash Settled Restricted Stock Units. Each unit is the economic equivalent of one share of Bank of America common stock but is payable solely in cash as it vests.
Are Brian Moynihan’s BAC cash-settled RSUs paid in stock or cash?
The reported 2026 Cash Settled Restricted Stock Units are payable solely in cash, not in stock. Each unit is the economic equivalent of one BAC common share, with vesting monthly from March 2026 through February 2027.
Does this BAC Form 4 indicate trades under a Rule 10b5-1 plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote describes a trading plan. The filing instead details exercises and issuer dispositions tied to cash-settled restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.
