Bank of America vice chair exercises RSUs
Bank of America vice chair Thong M. Nguyen reported equity award activity rather than open-market trading.
Rhea-AI Filing Summary
Bank of America vice chair Thong M. Nguyen reported equity award activity rather than open-market trading. On February 15, 2026, he exercised several blocks of restricted stock units from 2022–2025 grants, converting them into Bank of America common stock, largely held indirectly through a trust.
Several related transactions show shares delivered back to the issuer to satisfy tax withholding obligations at $52.55 per share, described as tax-withholding dispositions rather than discretionary sales. After these exercises and tax deliveries, the trust continues to hold a substantial common stock position for Nguyen’s benefit.
Positive
- None.
Negative
- None.
Insider Trade Summary
160,764 shares exercised/converted
Exercise
24 txns
Insider
Nguyen Thong M
Role
Vice Chair, Gl Stra & Ent Plat
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2022 Restricted Stock Units | 20,271 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 75,000 | $0.00 | $0.00 |
| Exercise | 2023 Restricted Stock Units | 24,979 | $0.00 | $0.00 |
| Exercise | 2024 Restricted Stock Units | 11,846 | $0.00 | $0.00 |
| Exercise | 2024 Restricted Stock Units | 11,846 | $0.00 | $0.00 |
| Exercise | 2025 Restricted Stock Units | 8,411 | $0.00 | $0.00 |
| Exercise | 2025 Restricted Stock Units | 8,411 | $0.00 | $0.00 |
| Exercise | Common Stock | 20,271 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 10,016 | $52.55 | $526K |
| Exercise | Common Stock | 75,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 37,057 | $52.55 | $1.95M |
| Exercise | Common Stock | 24,979 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 12,335 | $52.55 | $648K |
| Exercise | Common Stock | 11,846 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,865 | $52.55 | $308K |
| Exercise | Common Stock | 11,846 | $0.00 | $0.00 |
| Disposition | Common Stock | 11,846 | $52.55 | $623K |
| Exercise | Common Stock | 8,411 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,175 | $52.55 | $219K |
| Exercise | Common Stock | 8,411 | $0.00 | $0.00 |
| Disposition | Common Stock | 8,411 | $52.55 | $442K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2022 Restricted Stock Units — 0 contracts (Direct);
Restricted Stock Units — 0 contracts (Direct);
2023 Restricted Stock Units — 24,980 contracts (Direct);
2024 Restricted Stock Units — 47,384 contracts (Direct);
2025 Restricted Stock Units — 50,472 contracts (Direct);
Common Stock — 749,075 shares (Indirect, by Trust);
Common Stock — 343.976 shares (Indirect, 401(k) Plan)
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did BAC executive Thong M. Nguyen report in this Form 4?
Thong M. Nguyen reported multiple equity award transactions, mainly exercises of restricted stock units converting into Bank of America common shares. Related tax-withholding dispositions returned some shares to the issuer, reflecting routine vesting and tax settlement activity rather than open-market buying or selling.
Were there any open-market stock purchases or sales by BAC’s Thong M. Nguyen?
The transactions consist of RSU exercises (code M) and tax-related dispositions to the issuer (code F) and issuer dispositions (code D). These are tied to vesting and tax obligations, not open-market purchases or discretionary sales in the market by the executive.
How were tax obligations handled in Thong M. Nguyen’s BAC equity transactions?
Some common stock was delivered back to Bank of America to satisfy tax withholding obligations. These are reported with transaction code F at a price of $52.55 per share, indicating shares were surrendered for taxes rather than sold on the open market.
What types of BAC awards did Thong M. Nguyen exercise on February 15, 2026?
He exercised several restricted stock unit awards, including 2022, 2023, 2024, and 2025 RSUs. Footnotes state each unit is economically equivalent to one share of Bank of America common stock and vest over multi-year schedules beginning on specified February vesting dates.
Do the BAC RSU footnotes provide details on vesting schedules for Nguyen’s awards?
Yes. Footnotes explain that various RSU grants vest in equal annual installments starting on dates such as February 15, 2023, 2024, 2025, and 2026. Some units vest in shares and others in cash, clarifying the long-term compensation structure for the executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.
