Bank of America Corp Form 4 Filings

BANK OF AMERICA CORP (BAC) reported a Form 4 for Chair and CEO Brian T. Moynihan. On August 15, 2026 he exercised 18,083 2026 Cash Settled Restricted Stock Units, each economically equivalent to one share of common stock but payable solely in cash, reducing this derivative position and leaving 108,497 units outstanding. The exercise generated 18,083 shares of common stock, which were then returned to the issuer in a disposition at $64.49 per share. Indirect holdings after these transactions include 3,623.132 shares in a 401(k) plan and 100,000 shares held by a trust.

Bank of America Corporation Chair and CEO Brian T. Moynihan reported transactions dated July 15, 2026 involving 18,083 common shares and an equal number of cash-settled restricted stock unit equivalents. He disposed of 18,083 common shares to the issuer at $61.5900 per share and acquired 18,083 common share equivalents through a derivative exercise linked to 2026 cash-settled restricted stock units, each economically equivalent to one share and payable solely in cash. Following these entries, he held 2,699,612 common shares directly, plus 100,000 shares indirectly via a trust and 3623.132 share equivalents in a 401(k) plan, and had 126,580 cash-settled restricted stock units outstanding.

Bank of America Chair and CEO Brian T. Moynihan reported routine equity compensation activity involving common stock and cash-settled restricted stock units. He exercised 18,083 units, each economically equivalent to one share of common stock, and recorded a matching 18,083-share disposition to the issuer at $55.87 per share, resulting in no net change from this paired transaction.

Following these transactions, Moynihan directly held 2,699,612 shares of Bank of America common stock. He also reported indirect holdings of 100,000 shares held by a trust and 3,613.619 shares in a 401(k) plan. The reported restricted stock units are scheduled to vest monthly over a 12‑month period and are payable solely in cash.

Bank of America Chair and CEO Brian T. Moynihan reported compensation-related movements in Bank of America common stock. On May 15, 2026, he exercised 18,083 cash-settled restricted stock units, each economically equivalent to one share of common stock, and an equal number of common shares were disposed to the issuer at $49.77 per share. After these transactions, he directly owned 2,699,612 shares of common stock. He also held indirect interests in 100,000 shares through a trust and 3,613.619 shares through a 401(k) plan.

Bank of America Corporation Chief Risk Officer Geoffrey S. Greener reported an indirect open-market sale of common stock. On May 5, 2026, a revocable trust associated with him sold 126,756 shares at a weighted average price of $53.005 per share, in multiple trades between $53.00 and $53.05. Following these transactions, the trust held 1,373,397 shares of Bank of America common stock indirectly on his behalf.

Zuber Maria T reported acquisition or exercise transactions in this Form 4 filing.

Bank of America Corporation director Maria T. Zuber received 5,365 shares of common stock as an equity grant. The shares were awarded on May 4, 2026 as payment of her annual compensation for services as a director under the Bank of America Corporation Equity Plan.

The grant was recorded at $0.00 per share, indicating it was a compensation award rather than an open-market purchase. Following this transaction, Zuber directly holds 73,105 shares of Bank of America common stock. The award is described as exempt under Rule 16b-3.

Bank of America Corporation director Thomas D. Woods reported routine equity compensation and related tax withholding. He received a grant of 5,365 shares of Common Stock as annual compensation under the Bank of America Corporation Equity Plan in a transaction exempt under Rule 16b-3. To cover tax obligations, 2,473 shares were disposed of back to the issuer at $52.19 per share as a tax-withholding transaction. Following these transactions, Woods directly holds 75,286 shares of Common Stock and indirectly holds 50,003 shares through 2555271 Ontario Inc.

Bank of America director Michael D. White received a grant of 5,365.01 phantom stock units, representing annual compensation for board service under the Bank of America Corporation Director Deferral Plan. Each phantom stock unit is the economic equivalent of one share of Bank of America common stock and may be settled in cash upon death or termination of service as a director.

Following this award, White holds 103,942.38 phantom stock units, which include 2,122.58 units acquired through dividend reinvestment transactions. He also reports ownership of 79,150 shares of common stock held directly and 6,500 shares held indirectly through an IRA.

Bank of America Corporation director Rose Clayton Stuart reported compensation-related equity activity. She received 5,365.010 phantom stock units as a grant under the Bank of America Corporation Director Deferral Plan, which are the economic equivalent of common stock and may be settled in cash upon death or termination of board service.

Following this award, she holds 74,303.390 phantom stock units and 25,515 shares of common stock directly. The phantom stock units include 1,484.39 units acquired through dividend reinvestment under the same deferral plan.

Bank of America director Denise L. Ramos received a grant of 5,365.01 phantom stock units as annual compensation. Each unit is economically equivalent to one share of Bank of America common stock and was awarded at a stated price of $0.00 under the Director Deferral Plan.

The phantom stock units may be settled in cash upon her death or when her service as a director ends. After this grant and related activity, she holds a total of 84,672.57 phantom stock units, including 1,707.66 units acquired through dividend reinvestment.

Bank of America director Lionel L. Nowell III received a grant of phantom stock units as annual board compensation. He acquired 8,718.15 phantom stock units, each economically equivalent to one share of Bank of America common stock, under the company’s Director Deferral Plan in a transaction exempt under Rule 16b-3.

The phantom stock units, which may be settled in cash upon death or termination of service as a director, brought his total phantom stock holdings to 201,594.93 units. A separate entry shows he directly holds 3,930 shares of common stock. The filing also notes that 4,153.04 of the phantom units stem from dividend reinvestment within the plan.

Martinez Maria reported acquisition or exercise transactions in this Form 4 filing.

Bank of America director Maria Martinez received a grant of 5,365 shares of common stock as annual compensation for board service under the Bank of America Corporation Equity Plan, in a transaction exempt under Rule 16b-3. The award was recorded at a price of $0.00 per share and increased her direct holdings to 13,984 common shares. A separate entry reports 465 common shares held indirectly by a trust.

Bank of America director Monica C. Lozano reported compensation-related equity activity. She received 5,365.01 phantom stock units, bringing her direct phantom stock holdings to 246,347.52 units. Each phantom stock unit is the economic equivalent of one share of Bank of America common stock and was granted as annual director compensation under the Director Deferral Plan.

The phantom stock units, including 5,188.86 units acquired through dividend reinvestment, may be settled in cash upon her death or termination of service as a director. The filing also shows 3,387 shares of common stock held indirectly through a trust.

DONALD ARNOLD W reported acquisition or exercise transactions in this Form 4 filing.

Bank of America Corporation director W. Arnold Donald received 5,365 shares of common stock as equity compensation. The shares were granted on May 4, 2026 at a price of $0.00 per share as payment of his annual compensation for services as a director under the Bank of America Corporation Equity Plan in a transaction exempt under Rule 16b-3. Following this grant, he directly owns 131,204 shares of Bank of America common stock.

Bank of America director Jose E. Almeida received 5,365 shares of common stock as annual compensation for board service under the Bank of America Corporation Equity Plan. The shares were granted at no cash cost to him and are treated as an acquisition of stock.

Following this grant, Almeida directly holds a total of 33,606 Bank of America common shares. The transaction is characterized as a routine equity award to a non-employee director in a transaction exempt under Rule 16b-3.

Bank of America director Sharon L. Allen reported a routine update to her holdings. She now directly owns 99,927 shares of common stock. She also acquired 5,365.010 phantom stock units, economically equivalent to common shares, as annual director compensation under the Director Deferral Plan, bringing her phantom stock balance to 45,355.490 units, which may be settled in cash after her board service ends or upon death.

Bank of America Corporation and its affiliate Banc of America Preferred Funding Corp, both reported as ten percent owners, filed an amended insider report for Invesco Advantage Municipal Income Trust II [VKI]. The filing shows a single J-code "other" transaction, classified as an indirect holding "by subsidiary," with 0 shares reported as held following the transaction.

Bank of America Corporation and its subsidiary Banc of America Preferred Funding Corporation (BAPFC) reported an internal restructuring involving shares of Invesco Advantage Municipal Income Trust II (VKI). On April 30, 2026, BAPFC deposited 1,469 SERIES 2015/6-VKI Variable Rate Muni Term Preferred Shares into a tender option bond trust designated as TOB 2026-BAP0002 Trust, at a stated price of $0.00 per share.

The TOB Trust now holds legal title to these preferred shares, but does not independently control their disposition. BAPFC, as a beneficiary and through contractual rights, retains indirect beneficial ownership, and Bank of America in turn holds an indirect interest through its ownership of BAPFC. The filing is characterized as an “other” type of transaction rather than an open-market purchase or sale.

Bank of America director Pierre J.P. de Weck reported a disposition of 1,096 shares of common stock at $53.12 per share on a Form 4. The shares were delivered back to the company to satisfy a tax withholding obligation, rather than sold on the open market. After this transaction, he directly holds 100,322 shares of Bank of America common stock.

Bank of America Chair and CEO Brian T. Moynihan exercised 18,082 cash-settled restricted stock units into 18,082 shares of common stock on March 15, 2026. He then disposed of 18,082 common shares back to the issuer at $46.72 per share.

After these transactions, Moynihan directly holds 2,699,612 Bank of America common shares. He also has indirect ownership of 3,583.484 shares through a 401(k) plan and 100,000 shares held by a trust, indicating the activity affects only a small portion of his overall stake.

Bank of America Chief Operations Executive Thomas M. Scrivener reported an open-market sale of common stock. He sold 50,000 shares of Bank of America common stock on March 5, 2026 at a weighted average price of about $49.82–$49.83 per share.

After this transaction, Scrivener continued to hold 227,973 shares of Bank of America common stock directly.

Bank of America director Monica C. Lozano reported an estate-related transfer of 387 shares of Common Stock on February 4, 2026. The shares are held indirectly by a trust, and the transaction was recorded at a price of $0.00 per share, bringing the trust’s reported holdings to 3,387 shares.

Bank of America co-president James P. DeMare reported an insider transaction involving the company’s common stock. On March 4, 2026, an entity described as a revocable trust associated with him executed an open-market sale of 83,832 shares at $50.00 per share.

These shares are reported as held indirectly through the revocable trust. After this sale, the filing shows that 307,240 shares of Bank of America common stock remained indirectly owned following the transaction.

Bank of America Corporation’s Chief People Officer, Sheri B. Bronstein, reported an open-market sale of 60,000 shares of common stock. The shares were sold on March 5, 2026 at a weighted average price of $49.91 per share, in multiple trades between $49.65 and $50.24.

After this transaction, Bronstein directly holds 335,690 Bank of America common shares. The filing notes that detailed trade-by-trade pricing within the reported range is available on request.

Bank of America Co-President Dean C. Athanasia reported an open-market sale of 136,558 shares of common stock on March 3, 2026. The shares were sold at a weighted average price of $50.207 per share, with individual trades occurring between $50.19 and $50.23. After this transaction, Athanasia directly holds 558,541 Bank of America shares, indicating he retains a substantial equity stake in the company.

Bank of America executive Bruce R. Thompson reported equity award activity involving performance-based restricted stock units and common stock. He exercised 2023 Performance Restricted Stock Units covering 87,428 units, which converted into the same number of Bank of America common shares at a price of $0.00 per share.

To cover tax withholding on this vesting, 42,518 common shares were disposed of to the issuer at $49.83 per share, characterized as a tax-withholding disposition rather than an open-market sale. After these transactions, he directly held 904,061 common shares

He also directly held 40,000 shares of Preferred Stock, Series LL, and indirectly, through a trust, 60,000 shares of Preferred Stock, Series NN and 225,000 common shares. A footnote explains that the 2023 performance units were earned at 100% of target based on three-year performance goals and were fully settled in shares on March 1, 2026.

Bank of America vice chair Thong M. Nguyen exercised 99,917 2023 Performance Restricted Stock Units, which converted into an equal number of common shares. The common shares are held indirectly by a trust. To cover tax withholding, 55,165 common shares were delivered back to the issuer at $49.83 per share, a non‑market tax-withholding disposition rather than an open-market sale. Following these transactions, the trust’s indirect holdings reported were 363,827 common shares, with additional indirect holdings reported through other plans and trusts.

Bank of America (BAC) Global General Counsel Lauren A. Mogensen exercised 47,877 2023 Performance Restricted Stock Units into 47,877 shares of common stock on March 1, 2026, following achievement of the award’s performance goals for the 2023–2025 period.

To cover related tax withholding, 23,199 common shares were disposed to the issuer at $49.83 per share. After these transactions, Mogensen directly owned 575,925 shares of Bank of America common stock.

Bank of America executive Bernard A. Mensah, President, International, reported several equity compensation events on March 1, 2026. He exercised or converted derivative awards, including 1,432 vested phantom stock units, 17,521 2023 performance restricted stock units, and 17,521 vested restricted stock units, all at a stated price of $0.00 per share as they settled into common stock. Following these transactions, his directly held common stock position was 264,184 shares. The filing also shows a disposition of 1,432 common shares to the issuer at $49.83 per share, reflecting shares delivered back to Bank of America rather than an open-market sale.

Bank of America Co-President James P. DeMare exercised 2023 performance-based restricted stock units that fully vested at target and converted into 149,876 shares of common stock on March 1, 2026. These units were granted in February 2023 and tied to three-year return on assets and adjusted tangible book value goals through December 31, 2025.

The earned shares were delivered into a revocable trust, which now holds 391,072 common shares after the conversions. To cover tax withholding obligations on this settlement, the trust disposed of 82,882 common shares at $49.83 per share, returning those shares to the issuer rather than through an open-market sale.

Bank of America Chief People Officer Sheri B. Bronstein exercised 39,551 2023 Performance Restricted Stock Units, converting them into 39,551 shares of common stock after performance goals were fully achieved for the 2023–2025 period. To cover tax withholding obligations, 20,231 common shares were automatically disposed of at $49.83 per share. Following these transactions, she directly holds 395,690 shares of Bank of America common stock.

Bank of America Executive Vice President & CFO Alastair M. Borthwick reported multiple equity transactions involving company stock. On March 1, 2026, he exercised 79,101 2023 Performance Restricted Stock Units, receiving the same number of common shares at a price of $0.00 per share.

In connection with this vesting, 43,743 shares of common stock were disposed of at $49.83 per share to satisfy tax withholding obligations, and earlier, on February 27, 2026, 32,000 shares were transferred as a bona fide charitable gift. He also sold 68,000 shares in an open-market transaction at $50.24 per share and reported direct ownership of 327,843 shares after these transactions.

The performance units granted on February 15, 2023 were tied to three-year average return on assets and three-year average growth in adjusted tangible book value from January 1, 2023 through December 31, 2025. The company achieved 100% of the target, and all earned units were settled in shares, with no units remaining outstanding.

Bank of America Co-President Dean C. Athanasia exercised 107,411 2023 Performance Restricted Stock Units into common stock on March 1, 2026, at no exercise price. To cover tax withholding, 52,137 common shares were delivered back to the company at $49.83 per share, leaving 695,099 common shares directly owned. The units were granted in February 2023 and were earned at 100% of target based on three-year performance goals, with all earned units settled in shares and none remaining outstanding.

Bank of America Chair and CEO Brian T. Moynihan reported equity award activity tied to his 2023 performance restricted stock units. On March 1, 2026, 395,504 performance RSUs were exercised and converted into the same number of shares of common stock at a stated price of $0.00 per share, reflecting settlement of previously granted awards after performance goals were met.

To cover tax withholding obligations related to this vesting, 193,328 shares of common stock were disposed of back to the issuer at $49.83 per share, described as a payment of tax liability by delivering securities. After these transactions, Moynihan directly owned 2,699,612 shares of common stock. He also indirectly held 3,583.484 shares through a 401(k) plan and 100,000 shares held by a trust.

Bank of America Corporation executive Bruce R. Thompson reported multiple equity award transactions. On February 15, 2026, he exercised and converted various restricted stock unit grants into common stock at a price of $0.00 per share, reflecting vesting of prior long‑term awards.

To cover tax withholding obligations tied to these vestings, shares of common stock were disposed of at $52.55 per share through transactions coded as tax‑withholding dispositions and certain dispositions to the issuer, rather than open‑market sales. Following these transactions, Thompson directly held 859,151 shares of Bank of America common stock and 40,000 shares of Preferred Stock, Series LL.

He also reported indirect holdings of 225,000 shares of common stock and 60,000 shares of Preferred Stock, Series NN, held by a trust. Each restricted stock unit or similar unit is described as economically equivalent to one share of Bank of America common stock, and the footnotes outline multi‑year vesting and post‑vesting holding schedules for the underlying awards.

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.

Bank of America’s Chief Accounting Officer, Johnbull Okpara, reported several equity compensation moves. On February 15, 2026, he exercised 29,908 2025 Restricted Stock Units, receiving the same number of shares of common stock. To cover tax withholding, 15,269 common shares were delivered back to the company at $52.55 per share, leaving him with 27,749 common shares held directly.

On February 13, 2026, he received a new grant of 10,000 Restricted Stock Units under the Bank of America Corporation Equity Plan. According to the award terms, these units are settled in shares and vest in two equal annual installments commencing on February 15, 2029. The filing also lists a direct holding of 50,000 shares of Preferred Stock, Series DD.

Bank of America’s Global General Counsel Lauren A. Mogensen reported multiple equity compensation transactions on February 15, 2026. She acquired common stock through the exercise and conversion of various restricted stock unit awards, each economically equivalent to one share of Bank of America common stock. Some of the newly issued shares were delivered back to the company and withheld at a price of $52.55 per share to satisfy tax withholding obligations and other dispositions to the issuer. After these transactions, she directly owned 551,247 shares of Bank of America common stock.

Bank of America (BAC) Chief Risk Officer Geoffrey S. Greener reported a series of equity compensation transactions dated February 15, 2026. Multiple grants of restricted stock units from 2022–2025 were exercised or converted into Bank of America common stock at a stated price of $0.0000 per share, reflecting vesting of previously awarded units. The resulting common shares are held indirectly through a revocable trust, which engaged in several F-code tax-withholding dispositions at $52.55 per share and D-code dispositions to the issuer. After these transactions, the revocable trust held 1,447,653 shares of Bank of America common stock indirectly for the reporting person. Overall, the Form 4 shows a mix of derivative exercises/conversions and related tax and issuer dispositions rather than open-market buying or selling.

Bank of America’s Chief Tech & Info Officer, Hari Gopalkrishnan, reported multiple equity award transactions dated February 15, 2026. Several blocks of restricted stock units were converted into common stock via code M transactions, including 26,230 and 23,938 shares from 2024 and 2023 RSU grants.

Related code F transactions show shares of common stock, such as 13,389 and 12,217 shares, delivered back to Bank of America at $52.55 per share to satisfy tax withholding obligations rather than open-market sales. Footnotes explain that each unit represents one share and detail prior RSU grants with multi-year vesting schedules.

BANK OF AMERICA CORP Co‑President James P. DeMare reported a series of equity compensation transactions dated February 15, 2026. He exercised multiple grants of restricted stock units, which convert on a one‑for‑one basis into common stock, including 2022, 2023, 2024 and 2025 awards.

The filing shows related movements in Common Stock held indirectly through a revocable trust. Several transactions coded “M” reflect derivative exercises or conversions, while entries coded “F” and “D” reflect shares delivered to the issuer to cover tax withholding and other obligations rather than open‑market sales. After these transactions, the revocable trust held 324,078 shares of Bank of America common stock.

Bank of America Chief People Officer Sheri B. Bronstein reported multiple equity transactions involving restricted stock units and common stock on February 15, 2026. She exercised several grants of 2022–2025 restricted stock units into common shares at a stated price of $0.00 per share, including a grant of 75,000 restricted stock units and additional units such as 9,888 and 6,910 units from various award years.

To satisfy tax withholding obligations and issuer-related dispositions, she disposed of common shares at $52.55 per share, including 4,080 shares and 38,375 shares through tax-withholding transactions, as well as additional issuer dispositions tied to specific awards. These transactions were reported as exercises or conversions of derivative securities and related tax or issuer dispositions, not as open‑market purchases or sales. After the reported activity, she directly owned 376,370 shares of Bank of America common stock.

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.

Bank of America (BAC) Co-President Dean C. Athanasia reported multiple equity transactions tied to vesting restricted stock units on February 15, 2026. Several grants of 2022–2025 restricted stock units were exercised or converted into common stock at a stated price of $0.0000 per share.

These transactions increased his direct holdings through derivative exercise/conversion, including 21,830 shares of common stock from 2022 restricted stock units and 75,000 shares from other restricted stock units. Footnotes state each unit represents or is economically equivalent to one share of Bank of America common stock.

Athanasia also reported dispositions of common stock at $52.55 per share. These included tax-withholding dispositions (code F), where shares such as 10,553 and 36,353 were delivered to satisfy tax obligations, and dispositions to the issuer (code D), including 17,769 and 15,888 shares surrendered back to Bank of America.

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.

Thompson Bruce R. reported acquisition or exercise transactions in this Form 4 filing.

Bank of America Corporation reported an insider equity award for Bruce R. Thompson, Vice Chair and Head Enterprise Credit. On February 13, 2026, he received 108,955 2026 Performance Restricted Stock Units, each representing a contingent right to one share of common stock. These units are tied to pre-set performance goals based on three-year average return on assets and growth in adjusted tangible book value from January 1, 2026 through December 31, 2028, and, if earned, will settle in shares on March 1, 2029. He also received 54,477 2026 Restricted Stock Units that are cash-settled and 54,478 2026 Restricted Stock Units that are share-settled, both vesting in four equal annual installments starting February 15, 2027. Following these awards, he reports direct holdings of 749,780 shares of common stock and 40,000 shares of Preferred Stock, Series LL, plus indirect holdings via a trust of 225,000 shares of common stock and 60,000 shares of Preferred Stock, Series NN.

Bank of America Corporation granted equity awards to Chief Operations Executive Thomas M. Scrivener on February 13, 2026. He received 57,682 2026 Performance Restricted Stock Units, each representing a contingent right to one share, with performance measured from January 1, 2026 through December 31, 2028 and settlement in shares on March 1, 2029, if earned. The actual payout can range from 0% to 150% of this target amount.

He also acquired 28,841 2026 Restricted Stock Units that are cash-settled and vest in four equal annual installments starting February 15, 2027, plus another 28,841 2026 Restricted Stock Units that settle in shares on the same four-year vesting schedule. Following these grants, he directly beneficially owned 207,531 shares of common stock.

Okpara Johnbull reported acquisition or exercise transactions in this Form 4 filing.

Bank of America Corporation Chief Accounting Officer Okpara Johnbull reported an equity award of 2026 Restricted Stock Units on February 13, 2026. The filing shows a grant of 69,219 restricted stock units, each representing a contingent right to receive one share of Bank of America common stock.

These units were awarded under the company’s equity plan in a transaction exempt under Rule 16b-3(d) and are scheduled to vest in four equal annual installments beginning February 15, 2027. Following this award, Johnbull is shown as directly holding 13,110 shares of common stock and 50,000 shares of Preferred Stock, Series DD.

Nguyen Thong M reported acquisition or exercise transactions in this Form 4 filing.

Bank of America Corporation reported that Vice Chair Thong M. Nguyen received equity awards tied to future performance and service. On February 13, 2026, he was granted 64,091 2026 Performance Restricted Stock Units, each representing a contingent right to one share of common stock.

These performance units depend on three-year goals for average return on assets and growth in adjusted tangible book value from January 1, 2026 through December 31, 2028 and, if earned, will be settled in shares on March 1, 2029, with payout ranging from 0% to 150% of the 64,091-unit target.

He also received 32,045 2026 Restricted Stock Units settled in cash and 32,046 2026 Restricted Stock Units settled in shares, each vesting in four equal annual installments starting February 15, 2027. Separately, 401(k) share equivalents rose to 343.976 due to dividend reinvestment, and indirect common stock holdings are reported through trusts.