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[Form 4] BANK OF AMERICA CORP /DE/ Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Bank of America Corporation (BAC) reported insider equity transactions by an officer, the President of Merrill Wealth Management, on 11/15/2025 via a Form 4 filing. The officer exercised 1,234 restricted stock units, receiving the same number of Bank of America common shares as they vested. To cover tax withholding obligations, 524 shares were automatically withheld and disposed of back to the issuer at a price of $52.61 per share. Following these transactions, the officer directly owned 61,850 common shares, with an additional 988 shares held indirectly by a child and 988 shares held indirectly under a UTMA account. The filing also shows 1,235 restricted stock units remaining outstanding, scheduled to vest through 02/15/2026 based on a prior grant made on 02/15/2022.

Positive

  • None.

Negative

  • None.
Insider Schimpf Eric A.
Role Pres, Merrill Wealth Mgmt
Type Security Shares Price Value
Exercise Restricted Stock Units 1,234 $0.00 $0.00
Exercise Common Stock 1,234 $0.00 $0.00
Exercise Price or Tax Liability Common Stock 524 $52.61 $28K
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 1,235 shares (Direct); Common Stock — 61,850 shares (Direct); Common Stock — 988 shares (Indirect, by Child); Common Stock — 988 shares (Indirect, by UTMA)
Footnotes (3)
  1. F1. Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
  2. F2. Disposition of shares to the issuer to satisfy a tax withholding obligation.
  3. F3. On February 15, 2022, the reporting person was granted units, vesting in sixteen equal quarterly installments commencing May 15, 2022.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did BAC report in this Form 4?

The Form 4 reports that a Bank of America officer exercised 1,234 restricted stock units on 11/15/2025, receiving the same number of common shares as they vested.

How many BAC shares were withheld for taxes in the reported transaction?

524 shares of Bank of America common stock were disposed of to the issuer to satisfy a tax withholding obligation, at a price of $52.61 per share.

How many BAC shares does the reporting person own after the transaction?

After the transaction, the officer beneficially owned 61,850 BAC common shares directly, plus 988 shares held indirectly by a child and 988 shares held indirectly under a UTMA account.

What derivative securities are reported in BAC's Form 4 filing?

The filing lists restricted stock units as derivative securities, with 1,234 units exercised into common stock on 11/15/2025 and 1,235 units remaining beneficially owned afterward.

When do the remaining BAC restricted stock units vest and expire?

The remaining 1,235 restricted stock units relate to a grant made on 02/15/2022, vesting in sixteen equal quarterly installments commencing 05/15/2022 and shown with an expiration date of 02/15/2026.

What is the reporting person’s role at Bank of America?

The reporting person is an officer of Bank of America Corporation, serving as President, Merrill Wealth Management, as indicated in the Form 4.

Is the BAC Form 4 filed by a single reporting person or jointly?

The Form 4 is indicated as being filed by one reporting person, not as a joint or group filing.

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
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
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*
Schimpf Eric A.
(Last) (First) (Middle)
100 N 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Pres, Merrill Wealth Mgmt
3. Date of Earliest Transaction (Month/Day/Year)
11/15/2025
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 11/15/2025 M 1,234 A (1) 62,374 D
Common Stock 11/15/2025 F 524(2) D $52.61 61,850 D
Common Stock 988 I by Child
Common Stock 988 I by UTMA
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
Restricted Stock Units (1) 11/15/2025 M 1,234 (3) 02/15/2026 Common Stock 1,234 (1) 1,235 D
Explanation of Responses:
1. Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
2. Disposition of shares to the issuer to satisfy a tax withholding obligation.
3. On February 15, 2022, the reporting person was granted units, vesting in sixteen equal quarterly installments commencing May 15, 2022.
Eric A. Schimpf / Michael P. Lapp POA 11/18/2025
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR