Bank of America (BAC) CEO reports equity award exercises and tax share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bank of America Chair and CEO Brian T. Moynihan reported multiple equity award transactions dated February 15, 2026. Several series of restricted stock units were exercised or converted into common stock, and a portion of the resulting shares, at $52.55 per share, was delivered back to Bank of America to cover tax withholding obligations or as dispositions to the issuer. He also reported indirect common stock holdings through a 401(k) plan and a trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
166,296 shares exercised/converted
Mixed
17 txns
Insider
MOYNIHAN BRIAN T
Role
Chair and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2022 Restricted Stock Units | 31,705 | $0.00 | -- |
| Exercise | 2023 Restricted Stock Units | 39,550 | $0.00 | -- |
| Exercise | 2024 Restricted Stock Units | 41,366 | $0.00 | -- |
| Exercise | 2025 Cash Settled Restricted Stock Units | 17,892 | $0.00 | -- |
| Exercise | 2025 Restricted Stock Units | 35,783 | $0.00 | -- |
| Exercise | Common Stock | 31,705 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,276 | $52.55 | $803K |
| Exercise | Common Stock | 39,550 | $0.00 | -- |
| Tax Withholding | Common Stock | 19,311 | $52.55 | $1.01M |
| Exercise | Common Stock | 41,366 | $0.00 | -- |
| Tax Withholding | Common Stock | 20,205 | $52.55 | $1.06M |
| Exercise | Common Stock | 17,892 | $0.00 | -- |
| Disposition | Common Stock | 17,892 | $52.55 | $940K |
| Exercise | Common Stock | 35,783 | $0.00 | -- |
| Tax Withholding | Common Stock | 17,489 | $52.55 | $919K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2022 Restricted Stock Units — 0 shares (Direct);
2023 Restricted Stock Units — 39,551 shares (Direct);
2024 Restricted Stock Units — 82,732 shares (Direct);
2025 Cash Settled Restricted Stock Units — 0 shares (Direct);
2025 Restricted Stock Units — 107,349 shares (Direct);
Common Stock — 2,453,018 shares (Direct);
Common Stock — 3,583.484 shares (Indirect, 401(k) Plan)
Footnotes (1)
- Each unit represents a contingent right to receive one share of Bank of America Corporation common stock. Disposition of shares to the issuer to satisfy a tax withholding obligation. Each unit is the economic equivalent of one share of Bank of America Corporation common stock. On February 15, 2022, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2023. On February 15, 2023, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2024. On February 15, 2024, the reporting person was granted units, vesting in shares in four equal annual installments commencing on February 15, 2025. On February 14, 2025, 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 2025 and ending in February 2026. On February 14, 2025, the reporting person was granted units, vesting in shares in four equal annual installments commencing on February 15, 2026.
FAQ
What insider transactions did BAC CEO Brian Moynihan report on this Form 4?
Brian Moynihan reported multiple transactions involving Bank of America common stock on February 15, 2026. Several restricted stock unit awards were exercised into common shares, with some shares returned to the issuer or withheld to satisfy tax obligations at a reported price of $52.55 per share.
Were Brian Moynihan’s BAC stock transactions open-market buys or sells?
The transactions were primarily equity award-related, not open-market trades. Codes “M” show exercises or conversions of restricted stock units, while code “F” reflects shares delivered to satisfy tax withholding and code “D” reflects dispositions to the issuer, both at $52.55 per share.
How do the restricted stock units reported by BAC’s CEO work?
Each restricted stock unit is the economic equivalent of one share of Bank of America common stock. Units granted in 2022, 2023, 2024 and 2025 vest in scheduled installments, with some awards settling in shares and others, such as 2025 cash-settled units, payable solely in cash.
What vesting schedules apply to Brian Moynihan’s BAC restricted stock units?
Units granted in 2022 and 2023 vest in four equal annual installments starting the following February 15. 2024 units vest in shares in four yearly installments from February 15, 2025. Certain 2025 units vest monthly in cash, while others vest yearly beginning February 15, 2026.
What does transaction code F mean in Brian Moynihan’s BAC Form 4?
Transaction code “F” indicates payment of exercise price or tax liability by delivering securities. In this Form 4, shares of Bank of America common stock were delivered back at $52.55 per share to satisfy tax withholding obligations related to vested or exercised equity awards.
Bank of America