BAC CFO exercises equity awards, updates holdings
Bank of America Corporation Executive Vice President & CFO Alastair M. Borthwick reported multiple equity award transactions involving common stock and restricted stock units dated February 15, 2026.
Rhea-AI Filing Summary
Bank of America Corporation Executive Vice President & CFO Alastair M. Borthwick reported multiple equity award transactions involving common stock and restricted stock units dated February 15, 2026. Several grants of restricted stock units from 2022 through 2025 were exercised or converted into Bank of America common stock at a stated price of $0.00 per share. The filing also shows shares delivered to satisfy tax withholding obligations and dispositions to the issuer at $52.55 per share. After these transactions, Borthwick directly owned 427,843 shares of Bank of America common stock.
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Negative
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Insider Trade Summary
116,948 shares exercised/converted
Exercise
21 txns
Insider
Borthwick Alastair M
Role
Executive Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2022 Restricted Stock Units | 16,113 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 25,000 | $0.00 | $0.00 |
| Exercise | 2023 Restricted Stock Units | 19,775 | $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 | 16,113 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,911 | $52.55 | $468K |
| Exercise | Common Stock | 25,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 13,826 | $52.55 | $727K |
| Exercise | Common Stock | 19,775 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 10,936 | $52.55 | $575K |
| Exercise | Common Stock | 14,478 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 8,007 | $52.55 | $421K |
| 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 | 7,495 | $52.55 | $394K |
| 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 contracts (Direct);
Restricted Stock Units — 0 contracts (Direct);
2023 Restricted Stock Units — 19,776 contracts (Direct);
2024 Restricted Stock Units — 57,913 contracts (Direct);
2025 Restricted Stock Units — 81,314 contracts (Direct);
Common Stock — 427,843 shares (Direct)
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 CFO Alastair Borthwick report in this Form 4 filing?
Alastair Borthwick reported multiple equity award transactions on February 15, 2026. Restricted stock units were exercised into Bank of America common stock, with some shares delivered for taxes and issuer dispositions, updating his direct ownership position.
Were any of the BAC insider transactions open-market buys or sells?
The reported activity consists of equity award exercises and related share deliveries, not open-market purchases or sales. Shares were converted from restricted stock units, with additional shares delivered to satisfy tax withholding obligations and dispositions back to the issuer.
What types of securities were involved in Alastair Borthwick’s BAC Form 4?
The filing reports transactions in restricted stock units from 2022, 2023, 2024, and 2025 and in Bank of America common stock. Each unit is the economic equivalent of one share of common stock, converting into shares under the vesting terms described.
How were taxes handled in this BAC insider equity transaction report?
Some common stock was delivered to satisfy tax withholding obligations arising from award exercises. Transactions coded as “F” and described as payment of tax liability by delivering securities reflect these tax-related share dispositions on February 15, 2026.
What do the vesting schedules in the BAC CFO’s equity awards indicate?
The footnotes show multiple grants vesting in equal annual installments beginning on specific February 15 dates. Some units vest in shares and others in cash, defining when restricted stock units convert into Bank of America common stock or cash value for the reporting person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
