Bank of America CEO exercises and returns 18,082 shares
Bank of America’s CEO exercised 18,082 cash-settled units and returned an equal number of shares to the issuer, leaving his ownership from this award effectively unchanged.
Rhea-AI Filing Summary
BANK OF AMERICA CORP (BAC) reported that Chair and CEO Brian T. Moynihan on September 15, 2026 exercised 18,082 cash-settled restricted stock units that are economically equivalent to Bank of America common stock, resulting in the acquisition of 18,082 common shares.
The same day, 18,082 common shares were returned to the issuer at $59.52 per share, so this sequence of transactions effectively left his direct common share position from this award unchanged while reducing the reported balance of these cash-settled units to 90,415. Indirect holdings after these transactions include 3,623.132 common shares in a 401(k) plan and 100,000 common shares held by a trust. No transactions are reported as made under a Rule 10b5-1 trading plan.
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Insights
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Insider Trade Summary
18,082 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 | 18,082 | -- | -- |
| Exercise | Common Stock F1 | 18,082 | -- | -- |
| Disposition | Common Stock | 18,082 | $59.52 | $1.08M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2026 Cash Settled Restricted Stock Units — 90,415 contracts (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
Cash-settled restricted stock units exercised: 18,082 units
Common shares acquired from unit exercise: 18,082 shares
Common shares returned to issuer: 18,082 shares
+4 more
7 metrics
Cash-settled restricted stock units exercised
18,082 units
Exercised on September 15, 2026, economically equivalent to common stock
Common shares acquired from unit exercise
18,082 shares
Common stock received on September 15, 2026 upon unit exercise
Common shares returned to issuer
18,082 shares
Disposition of shares to Bank of America on September 15, 2026
Price for disposition to issuer
$59.52 per share
Price for 18,082 common shares returned to issuer on September 15, 2026
Remaining cash-settled restricted stock units
90,415 units
Units outstanding after the reported exercise, each equal to one common share economically
Indirect 401(k) holdings
3,623.132 shares
Bank of America common shares held indirectly through a 401(k) plan after transactions
Indirect trust holdings
100,000 shares
Bank of America common shares held indirectly by a trust after transactions
Key Terms
Cash Settled Restricted Stock Units, economic equivalent, vesting, payable solely in cash
4 terms
Cash Settled Restricted Stock Units financial
"2026 Cash Settled Restricted Stock Units"
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.
economic equivalent financial
"Each unit is the economic equivalent of one share of Bank of America Corporation common stock."
vesting financial
"1/12th of the stock units vest and become payable on the 15th day of each month"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
payable solely in cash financial
"the reporting person was granted units, vesting and payable solely in cash"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did BAC CEO Brian Moynihan report in this Form 4?
He exercised 18,082 cash-settled restricted stock units on September 15, 2026, receiving 18,082 Bank of America common shares, and on the same day returned 18,082 shares to the issuer at $59.52 per share, leaving his position from this award effectively unchanged.
How many cash-settled restricted stock units does BAC’s CEO still hold after these transactions?
After the September 15, 2026 exercise, Brian T. Moynihan holds 90,415 cash-settled restricted stock units, each unit being the economic equivalent of one share of Bank of America Corporation common stock, according to the filing’s footnotes.
Are the BAC CEO’s cash-settled units paid in stock or cash?
The filing states that these units are vesting and payable solely in cash. One-twelfth 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.
Were Brian Moynihan’s BAC transactions made under a Rule 10b5-1 trading plan?
No. The Form 4 indicates that no Rule 10b5-1 trading plan is reported for the September 15, 2026 transactions involving cash-settled restricted stock units and common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
