[144] FedEx Corporation SEC Filing

Rhea-AI Filing Summary

Bank of America Corporation (BAC) Form 8-K - Capital Return Announcement

On 23 Jul 2025 BAC disclosed that its Board approved a $40 billion common-stock repurchase program, effective 1 Aug 2025. The new authorization fully replaces the $40 billion program approved in July 2024 that expires the same day, providing continuity for share buybacks.

The Board also declared regular quarterly cash dividends of $0.28 per common share and $1.75 per share on its 7 % Cumulative Redeemable Preferred Stock, Series B. No additional financial metrics or guidance were included. The related press release is filed as Exhibit 99.1.

• Total repurchase capacity: $40 bn
• Program start date: 1 Aug 2025
• Common dividend: $0.28/sh quarterly
• Preferred dividend (Series B): $1.75/sh
• Disclosure made under Item 8.01; no financial statements affected.

Positive

• $40 billion share-repurchase authorization provides significant, flexible capital return capacity.
• Quarterly dividend of $0.28 per common share maintained, underscoring earnings stability.

Negative

• None.

Insights

Equity Research Analyst

TL;DR: $40 bn buyback plus steady dividend signal surplus capital; accretive to EPS and supportive of valuation.

The new authorization matches last year’s size but resets the clock, giving management 12 months of flexibility to retire roughly 8-10 % of shares outstanding (based on recent share count, not provided here). Combined with the $0.28/sh dividend, BAC continues to prioritize shareholder returns, indicating confidence in earnings momentum and regulatory capital levels post-stress-test. While timing of repurchases is discretionary, at current prices the program could add ~1–2 % to annual EPS if fully executed. No adverse financial or regulatory disclosures accompany the announcement—overall a constructive development for shareholders.

Bank Capital Risk Specialist

TL;DR: Authorization benign for capital ratios; impact depends on execution pace and future stress-test outcomes.

Because the $40 bn authorization merely replaces an expiring program of equal size, near-term CET1 ratios are unchanged; actual capital draw occurs only when shares are repurchased. BAC’s announcement suggests management believes post-CCAR capital buffers remain adequate. Nonetheless, investors should monitor macro conditions and regulatory actions that could slow buybacks. Dividend levels remain unchanged, indicating no shift in payout policy. Overall event is neutral to slightly positive for risk profile.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Merrill Lynch 2100 Ross Ave Suite 1000 Dallas TX 75201	3610	836437.00	235899098	07/23/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	09/28/2015	Stock Option Exercise	FedEx Corporation			3610	07/24/2025	CASH

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How large is Bank of America’s new share-repurchase program?

The Board authorized a $40 billion common-stock buyback program effective 1 Aug 2025.

Does the new authorization replace the 2024 program?

Yes. It supersedes the prior $40 bn program that expires on 1 Aug 2025, ensuring uninterrupted buyback capacity.

What dividend did BAC declare for common shareholders?

BAC declared its regular quarterly dividend of $0.28 per common share.

Were preferred dividends announced in this filing?

Yes. The Board declared a $1.75 per share dividend on 7 % Cumulative Redeemable Preferred Stock, Series B.

Which SEC item covers this disclosure?

The information was provided under Item 8.01 – Other Events of Form 8-K.

Where can I find the full press release?

It is included as Exhibit 99.1 to the Form 8-K.