Bank of America Form 4: Executive RSUs vesting and tax-withholding sale

Rhea-AI Filing Summary

Eric A. Schimpf, President, Merrill Wealth Management and a director/officer of Bank of America Corporation (BAC), reported transactions dated 08/15/2025. The filing shows 1,235 restricted stock units (RSUs) credited (each unit convertible to one share) and recorded as acquired under a vesting schedule originally granted on 02/15/2022. To satisfy tax withholding, 521 common shares were disposed at $46.94 per share. Following the reported transactions the filing lists 61,661 shares beneficially owned (direct) at one point and 61,140 direct shares after the withholding disposition; the reporting person also holds 988 shares indirectly for a child and 988 indirectly via UTMA. The transactions were signed via POA on 08/19/2025.

Positive

• 1,235 restricted stock units vested, reinforcing executive alignment via equity compensation as explicitly disclosed.

Negative

• 521 shares disposed to satisfy tax withholding, slightly reducing direct share count; no material negative development disclosed.

Insights

Financial Analyst

TL;DR: Insider received vested compensation units and sold a portion to cover taxes; holdings shifted modestly without open-market purchases.

The 1,235 units reported are contingent rights convertible to common shares under a previously granted RSU award, reflecting routine executive compensation vesting. The 521-share disposition was a transfer to the issuer to satisfy tax-withholding obligations at $46.94 per share, not an open-market sale. Aggregate direct beneficial ownership remains concentrated and largely unchanged in economic exposure; no additional purchases or sales beyond withholding are reported. For investors, these are typical director/executive compensation mechanics rather than a signal of strategic ownership change.

Corporate Governance Expert

TL;DR: Routine vesting and tax-withholding activity, executed and reported in line with Section 16 requirements.

The filing documents standard post-vesting processing of RSUs granted on 02/15/2022 with quarterly vesting. The transfer of 521 shares to the issuer for tax withholding is a common compliance step and was disclosed via Form 4. The use of POA for signature is noted and acceptable. No unusual governance or related-party actions are evident from these entries; the disclosure meets reporting obligations and provides transparency on insider compensation realization.

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

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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)
08/15/2025

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	08/15/2025		M		1,235	A	(1)	61,661	D
Common Stock	08/15/2025		F		521(2)	D	$46.94	61,140	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)	08/15/2025		M			1,235	(3)	02/15/2026	Common Stock	1,235	(1)	2,469	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	08/19/2025
	** 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).
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FAQ

What transactions did Eric A. Schimpf report on Form 4 for BAC?

The filing reports the acquisition of 1,235 restricted stock units (RSUs) and the disposition of 521 common shares to satisfy tax withholding, all dated 08/15/2025.

How were the 521 shares disposed of according to the filing?

The 521 shares were transferred to the issuer to satisfy a tax withholding obligation at a reported price of $46.94 per share.

What is the nature of the 1,235 units reported?

Per the filing, each unit represents a contingent right to receive one share of Bank of America common stock; they stem from an RSU grant on 02/15/2022 vesting in quarterly installments.

How many shares does the filing show as indirectly owned?

The filing discloses 988 shares indirectly held for a child and 988 shares indirectly held via a UTMA account, as reported.

When were these transactions signed and filed?

The Form 4 shows the signature line dated 08/19/2025 by Eric A. Schimpf / Michael P. Lapp as POA.