Bank of America (NYSE: BAC) CEO exercises 18,083 RSUs, offsets with issuer disposition

Filing Impact

(Very High)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Bank of America Chair and CEO Brian T. Moynihan exercised 18,083 2026 cash-settled restricted stock units, each economically equivalent to one common share, into 18,083 shares of common stock on April 15, 2026.

On the same date, 18,083 common shares were disposed of to the issuer at $54.32 per share, leaving his direct common stock holdings at 2,699,612 shares. He also has indirect holdings of 3,613.619 share equivalents in a 401(k) plan and 100,000 shares held by a trust. Footnotes note cash-settled units granted in February 2026 that vest monthly and an increase of 30.135 share equivalents in the 401(k) from dividend reinvestments and fund NAV changes.

Insider Trade Summary

18,083 shares exercised/converted

Mixed 5 txns

Insider MOYNIHAN BRIAN T

Role Chair and CEO

Type	Security	Shares	Price	Value
Exercise	2026 Cash Settled Restricted Stock Units	18,083	$0.00	--
Exercise	Common Stock	18,083	$0.00	--
Disposition	Common Stock	18,083	$54.32	$982K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: 2026 Cash Settled Restricted Stock Units — 180,829 shares (Direct); Common Stock — 2,717,695 shares (Direct); Common Stock — 3,613.619 shares (Indirect, 401(k) Plan)

Footnotes (1)

Each unit is the economic equivalent of one share of Bank of America Corporation common stock. The share equivalents attributed to the reporting person's 401(k) balance increased 30.135 shares due to dividend reinvestments and changes in the Net Asset Value (NAV) of the issuer's stock fund. On February 13, 2026, 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 2026 and ending in February 2027.

Key Figures

RSUs exercised: 18,083 units Common shares acquired from exercise: 18,083 shares Shares disposed to issuer: 18,083 shares at $54.32 +4 more

7 metrics

RSUs exercised 18,083 units 2026 cash-settled restricted stock units exercised on April 15, 2026

Common shares acquired from exercise 18,083 shares Common stock received upon RSU exercise on April 15, 2026

Shares disposed to issuer 18,083 shares at $54.32 Common stock disposition to issuer on April 15, 2026

Direct holdings after transaction 2,699,612 shares Common stock directly held following April 15, 2026 transactions

Indirect 401(k) holdings 3,613.619 share equivalents Common stock equivalents held through 401(k) plan after transaction date

Trust holdings 100,000 shares Common stock held indirectly by trust after transaction date

401(k) increase from reinvestment 30.135 share equivalents Increase in 401(k) share equivalents from dividends and NAV changes

Key Terms

Cash Settled Restricted Stock Units, Disposition to issuer, 401(k) Plan, Net Asset Value (NAV)

4 terms

Cash Settled Restricted Stock Units financial

"2026 Cash Settled Restricted Stock Units"

Cash-settled restricted stock units are employee compensation promises that mirror the value of company shares but pay out in cash instead of delivering actual stock once the units vest. Think of them as a future paycheck tied to the company’s share price that is paid after time or performance conditions are met. Investors watch them because they create future cash obligations for the company and avoid share dilution, both of which can affect earnings, cash flow and per-share metrics.

Disposition to issuer financial

"transaction_code_description": "Disposition to issuer""

401(k) Plan financial

"nature_of_ownership": "401(k) Plan""

A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.

Net Asset Value (NAV) financial

"changes in the Net Asset Value (NAV) of the issuer's stock fund"

Net asset value (NAV) is the per-share value of an investment fund calculated by totaling the fund’s assets, subtracting its liabilities, and dividing the remainder by the number of outstanding shares. Think of it like a price tag on each share of a collective piggy bank: investors use NAV to see what each share is worth, to compare funds, and, for many funds, it’s the price at which shares are bought or redeemed.

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Form 4 Insider Transactions: What Each Field Means →

04/17/2026 - 04:09 PM

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

MOYNIHAN BRIAN T

(Last)

(First)

(Middle)

100 NORTH TRYON STREET

(Street)

CHARLOTTE

NORTH CAROLINA

28255

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chair and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/15/2026		M		18,083	A	⁽¹⁾	2,717,695	D
Common Stock	04/15/2026		D		18,083	D	$54.32	2,699,612	D
Common Stock								3,613.619⁽²⁾	I	401(k) Plan
Common Stock								100,000	I	By Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
2026 Cash Settled Restricted Stock Units	⁽¹⁾	04/15/2026		M			18,083	⁽³⁾	02/15/2027	Common Stock	18,083	⁽¹⁾	180,829	D

Explanation of Responses:

1. Each unit is the economic equivalent of one share of Bank of America Corporation common stock.

2. The share equivalents attributed to the reporting person's 401(k) balance increased 30.135 shares due to dividend reinvestments and changes in the Net Asset Value (NAV) of the issuer's stock fund.

3. On February 13, 2026, 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 2026 and ending in February 2027.

	Brian T. Moynihan / Michael P. Lapp POA	04/17/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did BAC Chair and CEO Brian Moynihan report in this Form 4?

Brian Moynihan reported exercising 18,083 cash-settled restricted stock units into 18,083 Bank of America common shares. The same number of shares was then disposed of to the issuer, leaving his overall direct share count largely unchanged at 2,699,612 shares.

How many Bank of America shares does Brian Moynihan hold after these transactions?

After these transactions, Brian Moynihan directly holds 2,699,612 shares of Bank of America common stock. He also has indirect exposure through 3,613.619 share equivalents in a 401(k) plan and 100,000 shares held by a trust associated with him.

At what price were Brian Moynihan’s Bank of America shares disposed of to the issuer?

The 18,083 Bank of America common shares were disposed of to the issuer at $54.32 per share. This disposition followed the exercise of an equal number of cash-settled restricted stock units, effectively pairing the issuance and disposition on the same date.

What are the 2026 cash-settled restricted stock units reported by BAC’s CEO?

The 2026 cash-settled restricted stock units are awards economically equivalent to one Bank of America common share each. A February 13, 2026 grant vests monthly, with one-twelfth of the units vesting and becoming payable in cash each month from March 2026 through February 2027.

How did Brian Moynihan’s 401(k) holdings in BAC change according to the filing?

The filing notes that share equivalents in Brian Moynihan’s 401(k) increased by 30.135 share equivalents. This change was due to dividend reinvestments and movements in the net asset value of Bank of America’s stock fund within the 401(k) plan.