Bank of America (NYSE: BAC) CPO granted 2026 performance and restricted stock units
Rhea-AI Filing Summary
Bank of America Corporation’s Chief People Officer Sheri B. Bronstein reported equity awards tied to future performance and service. On February 13, 2026, she acquired 57,682 2026 Performance Restricted Stock Units, each representing a contingent right to one share of common stock.
These performance units are based on three-year average return on assets and growth in adjusted tangible book value from January 1, 2026 to December 31, 2028, and, if earned, settle in shares on March 1, 2029. She also received two grants of 28,841 2026 Restricted Stock Units each, one cash-settled and one share-settled, both vesting in four equal annual installments starting February 15, 2027. Following these awards, she directly beneficially owned 324,622 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 2026 Performance Restricted Stock Units | 57,682 | $0.00 | -- |
| Grant/Award | 2026 Restricted Stock Units | 28,841 | $0.00 | -- |
| Grant/Award | 2026 Restricted Stock Units | 28,841 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Each unit represents a contingent right to receive one share of Bank of America Corporation common stock. 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, 2026 and ending December 31, 2028. To the extent earned, the award will be settled in shares on March 1, 2029. The reported number of units represents the "target" amount of the award (i.e., 100%); the actual award upon vesting may range between 0% and 150% of the target, depending upon satisfaction of the performance goals. Each unit is the economic equivalent of one share of Bank of America Corporation common stock. 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, 2027. 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, 2027.
FAQ
What equity awards did BAC Chief People Officer Sheri Bronstein receive on February 13, 2026?
How are Sheri Bronstein’s 2026 Performance Restricted Stock Units at BAC structured?
When do Sheri Bronstein’s 2026 Restricted Stock Units at BAC vest?
What performance goals apply to BAC’s 2026 Performance Restricted Stock Units granted to Sheri Bronstein?
Are Sheri Bronstein’s 2026 BAC equity awards exempt under Rule 16b-3(d)?