Bank of America (BAC) CEO exercises stock units, returns 18,082 shares to issuer

Rhea-AI Filing Summary

Bank of America Chair and CEO Brian T. Moynihan exercised 18,082 cash-settled restricted stock units into 18,082 shares of common stock on March 15, 2026. He then disposed of 18,082 common shares back to the issuer at $46.72 per share.

After these transactions, Moynihan directly holds 2,699,612 Bank of America common shares. He also has indirect ownership of 3,583.484 shares through a 401(k) plan and 100,000 shares held by a trust, indicating the activity affects only a small portion of his overall stake.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MOYNIHAN BRIAN T

(Last) (First) (Middle)

100 NORTH TRYON STREET

(Street)

CHARLOTTE NC 28255

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BANK OF AMERICA CORP /DE/ [ BAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chair and CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/15/2026		M		18,082	A	(1)	2,717,694	D
Common Stock	03/15/2026		D		18,082	D	$46.72	2,699,612	D
Common Stock								3,583.484	I	401(k) Plan
Common Stock								100,000	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
2026 Cash Settled Restricted Stock Units	(1)	03/15/2026		M			18,082	(2)	02/15/2027	Common Stock	18,082	(1)	198,912	D

Explanation of Responses:

1. Each unit is the economic equivalent of one share of Bank of America Corporation common stock.

2. 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.

	Brian T. Moynihan / Michael P. Lapp POA	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transactions did BAC CEO Brian Moynihan report on this Form 4?

Brian Moynihan reported exercising 18,082 cash-settled restricted stock units into 18,082 Bank of America common shares and then disposing of 18,082 common shares back to the issuer at $46.72 per share, all on March 15, 2026.

How many Bank of America (BAC) shares does Brian Moynihan own after this Form 4?

After the reported transactions, Brian Moynihan directly holds 2,699,612 Bank of America common shares. He also has indirect holdings of 3,583.484 shares through a 401(k) plan and 100,000 shares held by a trust associated with him.

What type of derivative security did BAC’s Brian Moynihan exercise on March 15, 2026?

He exercised 2026 Cash Settled Restricted Stock Units, each economically equivalent to one share of Bank of America common stock. The exercise converted 18,082 units into 18,082 common shares as part of his compensation arrangement described in the accompanying footnotes.

Was Brian Moynihan’s BAC share transaction a market sale of stock?

The Form 4 shows a disposition to the issuer of 18,082 Bank of America common shares at $46.72 per share, coded “D,” rather than an open-market sale. This indicates the shares were returned directly to the company, not sold on an exchange.

What do the footnotes say about Brian Moynihan’s Bank of America stock units?

The footnotes state each unit is economically equivalent to one BAC common share. They also explain units granted on February 13, 2026 vest and are payable in cash monthly from March 2026 through February 2027, highlighting their cash-settled compensation nature.

How many derivative exercises are summarized in Brian Moynihan’s BAC Form 4?

The transaction summary shows one derivative exercise involving 18,082 units. This corresponds to the 2026 cash-settled restricted stock units that were exercised into an equal number of Bank of America common shares on March 15, 2026.