Bank of America (NYSE: BAC) CEO reports paired RSU exercise and share disposition
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
18,083 shares exercised/converted
Exercise
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 | $0.00 |
| Exercise | Common Stock | 18,083 | $0.00 | $0.00 |
| Disposition | Common Stock | 18,083 | $55.87 | $1.01M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2026 Cash Settled Restricted Stock Units — 144,663 shares (Direct);
Common Stock — 2,699,612 shares (Direct);
Common Stock — 3,613.619 shares (Indirect, 401(k) Plan);
Common Stock — 100,000 shares (Indirect, By Trust)
Footnotes (2)
- F1. Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
- F2. 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
Disposition to issuer: 18,083 shares at $55.87
Direct holdings after transaction: 2,699,612 shares
+4 more
7 metrics
RSUs exercised
18,083 units
Cash-settled restricted stock units exercised on June 15, 2026
Disposition to issuer
18,083 shares at $55.87
Common stock disposition to issuer on June 15, 2026
Direct holdings after transaction
2,699,612 shares
Common stock directly held following June 15, 2026 transactions
Trust holdings
100,000 shares
Indirect common stock holdings by trust as of June 15, 2026
401(k) holdings
3,613.619 shares
Indirect common stock holdings in 401(k) plan as of June 15, 2026
Remaining RSUs
144,663 units
2026 cash-settled restricted stock units outstanding after the transaction
RSU expiration date
February 15, 2027
Expiration date for 2026 cash-settled restricted stock units
Key Terms
Disposition to issuer, cash settled restricted stock units, 401(k) Plan, economic equivalent, +1 more
5 terms
Disposition to issuer financial
"transaction_code_description: Disposition to issuer"
cash settled restricted stock units financial
"security_title: 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.
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.
economic equivalent financial
"Each unit is the economic equivalent of one share of common stock."
vesting and payable solely in cash financial
"the reporting person was granted units, vesting and payable solely in cash"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did BAC CEO Brian Moynihan report on June 15, 2026?
Brian Moynihan reported exercising 18,083 cash-settled restricted stock units and a matched 18,083-share disposition to the issuer at $55.87 per share, a paired, compensation-related transaction that left his overall ownership position effectively unchanged from this specific activity.
What are Brian Moynihan’s 2026 cash-settled restricted stock units tied to BAC stock?
The 2026 units are cash-settled restricted stock units, each economically equivalent to one BAC common share. They vest and become payable solely in cash, with one-twelfth vesting on the 15th of each month from March 2026 through February 2027, per the award terms.
Does Brian Moynihan’s June 2026 Form 4 for BAC show open-market stock sales or purchases?
The Form 4 does not show open-market purchases or sales. It reports an exercise of 18,083 cash-settled restricted stock units and a matching disposition of 18,083 shares to the issuer, both compensation-related entries rather than discretionary market trades in Bank of America stock.