Bank of America (NYSE: BAC) CEO exercises 18,083 RSU equivalents, returns shares
Rhea-AI Filing Summary
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 2,717,695 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.
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Negative
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Insights
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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 | -- | -- |
| Exercise | Common Stock | 18,083 | -- | -- |
| Disposition | Common Stock | 18,083 | $61.59 | $1.11M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
2026 Cash Settled Restricted Stock Units — 126,580 shares (Direct);
Common Stock — 2,717,695 shares (Direct);
Common Stock — 3,623.132 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 9.513 shares due to dividend reinvestments and changes in the Net Asset Value 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
Common shares disposed to issuer: 18083.0000 shares
Common share equivalents acquired via derivative exercise: 18083.0000 shares
Direct common shares held after transactions: 2717695.0000 shares
+5 more
8 metrics
Common shares disposed to issuer
18083.0000 shares
Disposition to issuer (code D) on July 15, 2026
Common share equivalents acquired via derivative exercise
18083.0000 shares
Non-derivative common stock entry from derivative exercise (code M) on July 15, 2026
Direct common shares held after transactions
2717695.0000 shares
Direct ownership of Bank of America common stock following the derivative exercise entry
Direct common shares after disposition entry
2699612.0000 shares
Direct holdings immediately after the 18,083-share disposition to issuer
Indirect trust holdings
100000.0000 shares
Common stock held indirectly by trust as of July 15, 2026
401(k) share equivalents
3623.1320 shares
Indirect holdings in Bank of America stock fund within 401(k) plan
Cash-settled RSUs remaining
126580.0000 units
2026 cash settled restricted stock units outstanding after 18,083-unit exercise
Per-share value on disposition
61.5900
Per-share value used for the 18,083-share disposition to issuer
Key Terms
Disposition to issuer, cash settled restricted stock units, economic equivalent, Net Asset Value, +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.
economic equivalent financial
"Each unit is the economic equivalent of one share"
Net Asset Value financial
"changes in the Net Asset Value of the issuer's stock fund"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Bank of America (BAC) CEO Brian Moynihan report on July 15, 2026?
Brian Moynihan reported linked movements of 18,083 Bank of America common shares and equivalent cash-settled restricted stock units. He recorded a disposition of 18,083 shares to the issuer at $61.5900 per share and a matching 18,083-unit derivative exercise into common share equivalents.
How did Brian Moynihan’s Bank of America (BAC) 401(k) holdings change in this filing?
His 401(k) plan position reflected 3623.132 Bank of America share equivalents after the update. A footnote explains the balance increased by 9.513 share equivalents due to dividend reinvestments and changes in the Net Asset Value of the issuer’s stock fund, rather than discretionary trades.
What 2026 cash-settled restricted stock units does the Bank of America (BAC) CEO still hold?
He reported 126,580 remaining 2026 cash-settled restricted stock units, each economically equivalent to one Bank of America share. A February 13, 2026 grant vests and becomes payable solely in cash, with 1/12 of the units vesting monthly from March 2026 through February 2027.
Were Brian Moynihan’s Bank of America (BAC) transactions marked as under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox in the filing was not marked as an affirming trading plan. No footnote describes these July 15, 2026 Bank of America transactions as executed pursuant to a pre-arranged Rule 10b5-1 plan within this disclosure.