Bank of America (BAC) risk chief reports RSU vesting, tax share dispositions
Rhea-AI Filing Summary
Bank of America (BAC) Chief Risk Officer Geoffrey S. Greener reported a series of equity compensation transactions dated February 15, 2026. Multiple grants of restricted stock units from 2022–2025 were exercised or converted into Bank of America common stock at a stated price of $0.0000 per share, reflecting vesting of previously awarded units. The resulting common shares are held indirectly through a revocable trust, which engaged in several F-code tax-withholding dispositions at $52.55 per share and D-code dispositions to the issuer. After these transactions, the revocable trust held 1,447,653 shares of Bank of America common stock indirectly for the reporting person. Overall, the Form 4 shows a mix of derivative exercises/conversions and related tax and issuer dispositions rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 74,214 shares
Net Buy
21 txns
Insider
Greener Geoffrey S
Role
Chief Risk Officer
| 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 | 14,478 | $0.00 | $0.00 |
| Exercise | 2024 Restricted Stock Units | 14,478 | $0.00 | $0.00 |
| Exercise | 2025 Restricted Stock Units | 13,552 | $0.00 | $0.00 |
| Exercise | 2025 Restricted Stock Units | 13,552 | $0.00 | $0.00 |
| Exercise | Common Stock | 21,830 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 11,144 | $52.55 | $586K |
| Exercise | Common Stock | 75,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 38,335 | $52.55 | $2.01M |
| Exercise | Common Stock | 26,853 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 13,709 | $52.55 | $720K |
| Exercise | Common Stock | 14,478 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 7,392 | $52.55 | $388K |
| Exercise | Common Stock | 14,478 | $0.00 | $0.00 |
| Disposition | Common Stock | 14,478 | $52.55 | $761K |
| Exercise | Common Stock | 13,552 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,919 | $52.55 | $364K |
| Exercise | Common Stock | 13,552 | $0.00 | $0.00 |
| Disposition | Common Stock | 13,552 | $52.55 | $712K |
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 — 57,913 shares (Direct);
2025 Restricted Stock Units — 81,314 shares (Direct);
Common Stock — 1,447,653 shares (Indirect, Revocable Trust)
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 did BAC Chief Risk Officer Geoffrey Greener report in this Form 4?
Geoffrey Greener reported vesting and exercise of multiple restricted stock unit grants into Bank of America common stock, along with related tax and issuer dispositions, all dated February 15, 2026, largely through a revocable trust that holds his indirect ownership.
Were Geoffrey Greener’s BAC transactions open-market buys or sells?
The reported transactions were not open-market buys or sells. They primarily involved derivative exercises or conversions of restricted stock units into common stock, plus F-code tax-withholding dispositions and D-code dispositions to the issuer, all tied to equity compensation vesting.
What types of securities were involved in Geoffrey Greener’s BAC Form 4 filing?
The filing shows restricted stock units from 2022, 2023, 2024, and 2025 awards, and resulting Bank of America common stock. Each unit is described as economically equivalent to one share of common stock, converting into shares as vesting conditions are met on scheduled dates.
How were tax obligations handled in Geoffrey Greener’s BAC equity transactions?
Tax obligations were handled through F-code transactions, where shares of Bank of America common stock were delivered at $52.55 per share. These dispositions satisfied exercise price or tax withholding liabilities arising from the vesting and conversion of restricted stock unit awards.
What do the vesting footnotes in Geoffrey Greener’s BAC Form 4 indicate?
The footnotes explain that different RSU grants vest in equal annual installments, some settling in shares and some in cash. Grants made in 2022, 2023, 2024, and 2025 each follow specific four-year or two-year vesting schedules starting on designated February 15 commencement dates.