Bank of America (BAC) Co-President exercises RSUs, uses shares for tax and issuer dispositions
Rhea-AI Filing Summary
Bank of America (BAC) Co-President Dean C. Athanasia reported multiple equity transactions tied to vesting restricted stock units on February 15, 2026. Several grants of 2022–2025 restricted stock units were exercised or converted into common stock at a stated price of $0.0000 per share.
These transactions increased his direct holdings through derivative exercise/conversion, including 21,830 shares of common stock from 2022 restricted stock units and 75,000 shares from other restricted stock units. Footnotes state each unit represents or is economically equivalent to one share of Bank of America common stock.
Athanasia also reported dispositions of common stock at $52.55 per share. These included tax-withholding dispositions (code F), where shares such as 10,553 and 36,353 were delivered to satisfy tax obligations, and dispositions to the issuer (code D), including 17,769 and 15,888 shares surrendered back to Bank of America.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 81,156 shares
Net Buy
21 txns
Insider
Athanasia Dean C
Role
Co-President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2022 Restricted Stock Units | 21,830 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 75,000 | $0.00 | $0.00 |
| Exercise | 2023 Restricted Stock Units | 26,853 | $0.00 | $0.00 |
| Exercise | 2024 Restricted Stock Units | 17,769 | $0.00 | $0.00 |
| Exercise | 2024 Restricted Stock Units | 17,769 | $0.00 | $0.00 |
| Exercise | 2025 Restricted Stock Units | 15,888 | $0.00 | $0.00 |
| Exercise | 2025 Restricted Stock Units | 15,888 | $0.00 | $0.00 |
| Exercise | Common Stock | 21,830 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 10,553 | $52.55 | $555K |
| Exercise | Common Stock | 75,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 36,353 | $52.55 | $1.91M |
| Exercise | Common Stock | 26,853 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 13,007 | $52.55 | $684K |
| Exercise | Common Stock | 17,769 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,596 | $52.55 | $452K |
| Exercise | Common Stock | 17,769 | $0.00 | $0.00 |
| Disposition | Common Stock | 17,769 | $52.55 | $934K |
| Exercise | Common Stock | 15,888 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,675 | $52.55 | $403K |
| Exercise | Common Stock | 15,888 | $0.00 | $0.00 |
| Disposition | Common Stock | 15,888 | $52.55 | $835K |
Holdings After Transaction:
2022 Restricted Stock Units — 0 shares (Direct);
Restricted Stock Units — 0 shares (Direct);
2023 Restricted Stock Units — 26,853 shares (Direct);
2024 Restricted Stock Units — 71,075 shares (Direct);
2025 Restricted Stock Units — 95,334 shares (Direct);
Common Stock — 639,825 shares (Direct)
Footnotes (10)
- 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, 2022, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2023.
- F5. On February 15, 2022, the reporting person was granted units, vesting in two equal annual installments commencing on February 15, 2025.
- F6. On February 15, 2023, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2024.
- F7. On February 15, 2024, the reporting person was granted units, vesting in shares in four equal annual installments commencing on February 15, 2025.
- F8. On February 15, 2024, the reporting person was granted units, vesting in cash in four equal annual installments commencing on February 15, 2025.
- F9. On February 14, 2025, the reporting person was granted units, vesting in shares in four equal annual installments commencing on February 15, 2026.
- F10. 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 activity did BAC Co-President Dean C. Athanasia report on this Form 4?
Dean C. Athanasia reported multiple equity transactions on February 15, 2026, mainly exercises of restricted stock units into Bank of America common stock. He also reported related share dispositions for tax withholding and shares surrendered back to the issuer at specified prices.
What do the restricted stock unit footnotes for BAC’s Co-President indicate?
The footnotes explain each unit represents or is economically equivalent to one Bank of America common share and describe grant dates and vesting schedules. For example, certain 2022 units vest in four equal annual installments starting February 15, 2023, while later grants vest in installments beginning in 2025 and 2026.
Does this BAC Form 4 reflect open-market buying or selling by Athanasia?
The reported transactions reflect derivative exercises/conversions of restricted stock units and related dispositions for tax withholding or to the issuer. Codes M, F, and D are used, and the filing does not show open‑market purchase or sale transaction codes such as P or S for these events.