Bank of America executive exercises RSUs, covers tax
Bank of America’s Chief Operations Executive Thomas M. Scrivener reported multiple equity transactions in common stock and restricted stock units dated February 15, 2026.
Rhea-AI Filing Summary
Bank of America’s Chief Operations Executive Thomas M. Scrivener reported multiple equity transactions in common stock and restricted stock units dated February 15, 2026. Several batches of restricted stock units were converted into common shares at no exercise price, reflecting scheduled vesting of prior equity awards.
To cover tax withholding obligations and dispositions to the issuer, Scrivener delivered portions of the newly acquired shares at a reference price of $52.55 per share. After these acquisitions and related disposals, he directly owned 253,673 shares of Bank of America common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
101,523 shares exercised/converted
Exercise
21 txns
Insider
Scrivener Thomas M
Role
Chief Operations Executive
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2022 Restricted Stock Units | 15,528 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 50,000 | $0.00 | $0.00 |
| Exercise | 2023 Restricted Stock Units | 9,367 | $0.00 | $0.00 |
| Exercise | 2024 Restricted Stock Units | 7,239 | $0.00 | $0.00 |
| Exercise | 2024 Restricted Stock Units | 7,239 | $0.00 | $0.00 |
| Exercise | 2025 Restricted Stock Units | 6,075 | $0.00 | $0.00 |
| Exercise | 2025 Restricted Stock Units | 6,075 | $0.00 | $0.00 |
| Exercise | Common Stock | 15,528 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 6,814 | $52.55 | $358K |
| Exercise | Common Stock | 50,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 21,939 | $52.55 | $1.15M |
| Exercise | Common Stock | 9,367 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 4,124 | $52.55 | $217K |
| Exercise | Common Stock | 7,239 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 3,190 | $52.55 | $168K |
| Exercise | Common Stock | 7,239 | $0.00 | $0.00 |
| Disposition | Common Stock | 7,239 | $52.55 | $380K |
| Exercise | Common Stock | 6,075 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,676 | $52.55 | $141K |
| Exercise | Common Stock | 6,075 | $0.00 | $0.00 |
| Disposition | Common Stock | 6,075 | $52.55 | $319K |
Holdings After Transaction:
2022 Restricted Stock Units — 0 contracts (Direct);
Restricted Stock Units — 0 contracts (Direct);
2023 Restricted Stock Units — 9,368 contracts (Direct);
2024 Restricted Stock Units — 28,957 contracts (Direct);
2025 Restricted Stock Units — 36,451 contracts (Direct);
Common Stock — 256,997 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 insider transactions did BAC executive Thomas Scrivener report?
Thomas Scrivener reported multiple transactions involving Bank of America (BAC) equity. Several restricted stock unit awards converted into common stock, and some of the resulting shares were delivered back to the issuer or for tax withholding purposes on February 15, 2026.
What types of equity awards were involved in the BAC insider Form 4?
The BAC Form 4 shows several categories of restricted stock units, including 2022, 2023, 2024, and 2025 grants. These units convert into Bank of America common stock or cash in scheduled annual installments, with each unit generally economically equivalent to one share of common stock.
When do Thomas Scrivener’s BAC restricted stock units vest over time?
Footnotes indicate multiple vesting schedules for Thomas Scrivener’s Bank of America (BAC) units. Grants from 2022, 2023, 2024, and 2025 vest in equal annual installments starting on specific February 15 or February 14 dates, with some awards settling in shares and others in cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.
