Bank of America CTO reports RSU share conversions
Bank of America’s Chief Tech & Info Officer, Hari Gopalkrishnan, reported multiple equity award transactions dated February 15, 2026.
Rhea-AI Filing Summary
Bank of America’s Chief Tech & Info Officer, Hari Gopalkrishnan, reported multiple equity award transactions dated February 15, 2026. Several blocks of restricted stock units were converted into common stock via code M transactions, including 26,230 and 23,938 shares from 2024 and 2023 RSU grants.
Related code F transactions show shares of common stock, such as 13,389 and 12,217 shares, delivered back to Bank of America at $52.55 per share to satisfy tax withholding obligations rather than open-market sales. Footnotes explain that each unit represents one share and detail prior RSU grants with multi-year vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
128,483 shares exercised/converted
Exercise
21 txns
Insider
Gopalkrishnan Hari
Role
Chief Tech & Info Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2022 Restricted Stock Units | 10,798 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 25,000 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 2,703 | $0.00 | $0.00 |
| Exercise | 2023 Restricted Stock Units | 23,938 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 20,000 | $0.00 | $0.00 |
| Exercise | 2024 Restricted Stock Units | 26,230 | $0.00 | $0.00 |
| Exercise | 2025 Restricted Stock Units | 19,814 | $0.00 | $0.00 |
| Exercise | Common Stock | 10,798 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 5,496 | $52.55 | $289K |
| Exercise | Common Stock | 25,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 12,760 | $52.55 | $671K |
| Exercise | Common Stock | 2,703 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,355 | $52.55 | $71K |
| Exercise | Common Stock | 23,938 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 12,217 | $52.55 | $642K |
| Exercise | Common Stock | 20,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 10,202 | $52.55 | $536K |
| Exercise | Common Stock | 26,230 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 13,389 | $52.55 | $704K |
| Exercise | Common Stock | 19,814 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 10,108 | $52.55 | $531K |
Holdings After Transaction:
2022 Restricted Stock Units — 0 contracts (Direct);
Restricted Stock Units — 20,000 contracts (Direct);
2023 Restricted Stock Units — 23,939 contracts (Direct);
2024 Restricted Stock Units — 52,460 contracts (Direct);
2025 Restricted Stock Units — 59,443 contracts (Direct);
Common Stock — 65,628 shares (Direct)
Footnotes (9)
- 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. On February 15, 2022, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2023.
- F4. On February 15, 2022, the reporting person was granted units, vesting in two equal annual installments commencing on February 15, 2025.
- F5. On February 15, 2022, the reporting person was granted units, vesting in sixteen equal quarterly installments commencing May 15, 2022.
- 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, 2023, the reporting person was granted units, vesting in two equal annual installments commencing on February 15, 2026.
- F8. On February 15, 2024, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2025.
- F9. On February 14, 2025, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2026.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Bank of America (BAC) report for Hari Gopalkrishnan?
Bank of America reported that Chief Tech & Info Officer Hari Gopalkrishnan converted multiple blocks of restricted stock units into common stock on February 15, 2026. He also delivered some of those shares back to the company to cover associated tax withholding obligations.
Were the Bank of America (BAC) insider transactions open-market buys or sells?
The transactions were primarily code M exercises of restricted stock units into common stock, not open-market purchases. Code F entries reflect shares delivered to Bank of America at $52.55 per share to satisfy tax withholding, rather than discretionary selling in the open market.
What do the restricted stock units in this BAC Form 4 represent?
Each restricted stock unit reported represents a contingent right to receive one share of Bank of America common stock. The units stem from prior equity awards granted between 2022 and 2025, which vest over several years according to the specific schedules described in the footnotes.
How were tax obligations handled in Hari Gopalkrishnan’s BAC equity transactions?
Tax obligations were satisfied through code F transactions where shares of Bank of America common stock were delivered back to the issuer. These dispositions, at a reported price of $52.55 per share, were specifically designated for paying exercise price or tax liabilities on the vested awards.
What vesting schedules applied to the BAC restricted stock units in this filing?
The filing notes several grant structures: some units vest in four equal annual installments, others in two annual installments, and one in sixteen equal quarterly installments. These schedules began on dates such as February 15, 2023, February 15, 2024, and May 15, 2022, depending on the specific grant.
Does this Bank of America (BAC) Form 4 change Hari Gopalkrishnan’s ownership stake significantly?
The Form 4 shows ongoing equity award vesting and related tax-withholding dispositions typical of executive compensation programs. It reports conversions of restricted stock units into common shares and share deliveries for taxes, rather than a large discretionary purchase or sale that would radically shift his ownership.
AI-generated analysis. How Rhea-AI works. Not financial advice.
