Director Maria Zuber (NYSE: BAC) receives 5,365-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zuber Maria T
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,365 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 73,105 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 5,365 shares
Grant price: $0.00 per share
Shares held after grant: 73,105 shares
3 metrics
Shares granted
5,365 shares
Annual director compensation grant on May 4, 2026
Grant price
$0.00 per share
Reported transaction price for compensation award
Shares held after grant
73,105 shares
Maria T. Zuber direct holdings following transaction
Key Terms
Bank of America Corporation Equity Plan, Rule 16b-3, annual compensation, Form 4
4 terms
Bank of America Corporation Equity Plan financial
"Shares represent payment of annual compensation for services as a director under the Bank of America Corporation Equity Plan"
Rule 16b-3 regulatory
"under the Bank of America Corporation Equity Plan in transactions exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
annual compensation financial
"Shares represent payment of annual compensation for services as a director"
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Maria T. Zuber report in her latest Form 4 for BAC?
Maria T. Zuber reported receiving 5,365 shares of Bank of America common stock on May 4, 2026. The shares were granted as annual director compensation under the company’s equity plan and increased her direct holdings to 73,105 shares.
Was Maria T. Zuber’s BAC stock transaction a market purchase or a grant?
The transaction was a stock grant, not a market purchase. Zuber received 5,365 shares of Bank of America common stock as annual director compensation under the company’s equity plan, with a reported price of $0.00 per share.
How is Rule 16b-3 relevant to Maria T. Zuber’s BAC stock grant?
The filing states Zuber’s 5,365-share grant is in transactions exempt under Rule 16b-3. This rule provides exemptions for certain director and officer equity compensation, indicating the award was structured as an approved compensation grant rather than an open-market trade.