Bank of America (BAC) operations chief sells 50,000 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 50,000 shares ($2,491,000)
Net Sell
1 txn
Insider
Scrivener Thomas M
Role
Chief Operations Executive
Sold
50,000 shs ($2.49M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 50,000 | $49.82 | $2.49M |
Holdings After Transaction:
Common Stock — 227,973 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BAC executive Thomas M. Scrivener report on Form 4?
Thomas M. Scrivener reported an open-market sale of Bank of America common stock. He sold 50,000 shares on March 5, 2026 in multiple trades, with a weighted average price between $49.82 and $49.83 per share.
What does the Form 4 footnote say about BAC insider Thomas Scrivener’s sale prices?
The footnote explains that the reported price is a weighted average. Scrivener’s 50,000 shares were sold in multiple trades at prices between $49.82 and $49.83. Detailed breakdowns for each price point are available upon request from Bank of America or the SEC staff.
Was Thomas M. Scrivener’s BAC stock transaction a buy or a sell?
The Form 4 shows a sale transaction by Thomas M. Scrivener. It is coded as an open-market sale of 50,000 shares of Bank of America common stock, with the transaction identified under code “S” for sale in open market or private transaction.
What role does Thomas M. Scrivener hold at Bank of America (BAC)?
Thomas M. Scrivener is identified as Bank of America’s Chief Operations Executive. His status as an officer means his trades must be reported on Form 4, providing transparency into his ownership changes in Bank of America common stock for public investors.