BofA director receives phantom stock award
Bank of America Corporation director Rose Clayton Stuart reported compensation-related equity activity.
Rhea-AI Filing Summary
Bank of America Corporation director Rose Clayton Stuart reported compensation-related equity activity. She received 5,365.010 phantom stock units as a grant under the Bank of America Corporation Director Deferral Plan, which are the economic equivalent of common stock and may be settled in cash upon death or termination of board service.
Following this award, she holds 74,303.390 phantom stock units and 25,515 shares of common stock directly. The phantom stock units include 1,484.39 units acquired through dividend reinvestment under the same deferral plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 5,365.01 shares
Grant/Award
2 txns
Insider
ROSE CLAYTON STUART
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 5,365.01 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Phantom Stock — 74,303.39 contracts (Direct);
Common Stock — 25,515 shares (Direct)
Footnotes (3)
- F1. Each phantom stock unit is the economic equivalent of one share of Bank of America Corporation common stock.
- F2. Phantom stock units acquired represent payment of annual compensation for services as a director under the Bank of America Corporation Director Deferral Plan in transactions exempt under Rule 16b-3. Phantom stock units may be settled in cash upon death or termination of service as a director.
- F3. Includes 1,484.39 phantom stock units acquired in dividend reinvestment transactions under the Bank of America Corporation Director Deferral Plan.
Key Figures
Phantom stock units granted: 5,365.010 units
Total phantom stock units held: 74,303.390 units
Common shares held directly: 25,515 shares
+1 more
4 metrics
Phantom stock units granted
5,365.010 units
Grant under Director Deferral Plan on May 4, 2026
Total phantom stock units held
74,303.390 units
Deferred compensation balance following grant
Common shares held directly
25,515 shares
Common stock position following reported transactions
Dividend reinvestment units
1,484.39 units
Phantom units from dividend reinvestment under deferral plan
Key Terms
Phantom stock units, Director Deferral Plan, Rule 16b-3
3 terms
Phantom stock units financial
"Each phantom stock unit is the economic equivalent of one share of Bank of America Corporation common stock."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Director Deferral Plan financial
"Phantom stock units acquired represent payment of annual compensation for services as a director under the Bank of America Corporation Director Deferral Plan"
A director deferral plan lets board members delay receiving part or all of their pay—typically fees or equity—until a later date, with the deferred amount converted to cash or units that are paid out on a set future date or event. For investors, it signals how a company manages present cash flow and aligns directors’ interests with long-term performance, while creating future payment obligations or possible share dilution when those deferred amounts are settled—like choosing to take a future pension or stock grant instead of a paycheck today.
Rule 16b-3 regulatory
"in transactions exempt under Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Bank of America (BAC) director Rose Clayton Stuart report in this Form 4?
Rose Clayton Stuart reported a compensation-related award of phantom stock units. She received 5,365.010 units under the Bank of America Corporation Director Deferral Plan, increasing her deferred equity-based compensation tied economically to Bank of America common stock.
How many Bank of America (BAC) phantom stock units does Rose Clayton Stuart now hold?
After the reported grant, Rose Clayton Stuart holds 74,303.390 phantom stock units. These units represent deferred compensation and are economically equivalent to Bank of America common stock, providing value linked to the share price rather than immediate cash payment.
Is Rose Clayton Stuart’s Form 4 transaction a market purchase or sale of BAC stock?
The reported activity is not a market purchase or sale. It reflects a grant of 5,365.010 phantom stock units as annual director compensation under a deferral plan, rather than open-market trading of Bank of America common shares.
What are Bank of America (BAC) phantom stock units reported in this filing?
Each phantom stock unit is the economic equivalent of one Bank of America common share. Units are granted as deferred compensation under the Director Deferral Plan and may be settled in cash upon death or termination of service as a director.
How much Bank of America (BAC) common stock does Rose Clayton Stuart hold directly?
Rose Clayton Stuart holds 25,515 shares of Bank of America common stock directly following the reported transactions. This position is separate from her 74,303.390 phantom stock units, which are deferred compensation rather than actual outstanding shares.
Did dividend reinvestment affect Rose Clayton Stuart’s BAC phantom stock balance?
Yes. Her reported phantom stock holdings include 1,484.39 units acquired through dividend reinvestment. These reinvestment transactions occur under the Bank of America Corporation Director Deferral Plan, increasing her deferred compensation position over time.
AI-generated analysis. How Rhea-AI works. Not financial advice.
