BAC Form 4: CEO Moynihan Acquires 17,892 RSUs, Sells 17,892 Shares

Q: How many shares does the CEO beneficially own after the reported transactions?

2,651,313 shares of Bank of America common stock are reported as directly beneficially owned following the transactions.

Q: How many derivative units does the filing show after the transactions?

107,349 derivative units (cash-settled restricted stock units) are reported as beneficially owned following the transactions.

[Form 4] Bank of America Corporation Insider Trading Activity

Filing Impact

(Low)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Brian T. Moynihan, Chair and CEO of Bank of America Corporation (BAC), reported transactions on 08/15/2025. The filing shows 17,892 cash-settled restricted stock units were recorded as acquired and 17,892 shares of common stock were sold at a price of $46.94, leaving the reporting person with 2,651,313 shares of direct beneficial ownership after the sale. The report also discloses 107,349 derivative units (cash-settled RSUs) and additional indirect holdings including shares in a 401(k) plan and a trust. The RSUs were granted on February 14, 2025, and vest and pay out in cash in equal monthly installments from March 15, 2025 through February 15, 2026.

Positive

Substantial ongoing ownership: Reporting person retains 2,651,313 direct shares after the reported sale, indicating continued alignment with shareholders.
Clear vesting schedule: Cash-settled restricted stock units vest monthly over 12 months, providing transparent compensation timing.

Negative

Disposition recorded: The filing shows a sale of 17,892 common shares at $46.94, reducing direct holdings.
Cash-settled RSUs: The granted units are payable in cash rather than additional equity, which may dilute direct equity accumulation over time.

Insights

TL;DR: Routine insider transactions by the CEO show grant and concurrent sale, consistent with compensation vesting and liquidity actions.

The Form 4 documents a standard compensation-related grant and an offsetting disposition on the same date. The reporting person holds a substantial direct stake of 2,651,313 shares after the reported sale, and retains a material balance of cash-settled RSUs (107,349 units). The filing includes clear vesting terms: monthly cash payout over 12 months beginning March 15, 2025, which supports predictable executive compensation recognition. No governance red flags or unusual derivative structures are evident from the disclosed items.

TL;DR: Compensation grant recorded as cash-settled RSUs with scheduled monthly vesting; concurrent share sale reduces direct holdings modestly.

The grant dated February 14, 2025 equals economic equivalents of common shares and vests in 12 monthly installments, payable in cash. The report shows 17,892 units recorded as acquired and 17,892 common shares disposed at $46.94 on August 15, 2025, yielding 2,651,313 direct shares post-transaction. The total derivative units reported following transactions are 107,349. These are routine compensation and liquidity events rather than strategic capital moves.

08/19/2025 - 04:55 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

MOYNIHAN BRIAN T

(Last)

(First)

(Middle)

100 NORTH TRYON STREET

(Street)

CHARLOTTE

28255

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BANK OF AMERICA CORP /DE/ [ BAC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chair and CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/15/2025		M		17,892	A	⁽¹⁾	2,669,205	D
Common Stock	08/15/2025		D		17,892	D	$46.94	2,651,313	D
Common Stock								3,553.255	I	401(k) Plan
Common Stock								100,000	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
2025 Cash Settled Restricted Stock Units	⁽¹⁾	08/15/2025		M			17,892	⁽²⁾	02/15/2026	Common Stock	17,892	⁽¹⁾	107,349	D

Explanation of Responses:

1. Each unit is the economic equivalent of one share of Bank of America Corporation common stock.

2. On February 14, 2025, 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 2025 and ending in February 2026.

	Brian T. Moynihan / Michael P. Lapp POA	08/19/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

What transactions did Brian T. Moynihan report on Form 4 for BAC?

He reported acquisition of 17,892 cash-settled restricted stock units and disposition of 17,892 common shares sold at $46.94 on 08/15/2025.

How many shares does the CEO beneficially own after the reported transactions?

2,651,313 shares of Bank of America common stock are reported as directly beneficially owned following the transactions.

What is the vesting schedule for the granted restricted stock units?

The RSUs were granted on 02/14/2025 and vest/pay out in cash in 12 equal monthly installments from 03/15/2025 through 02/15/2026.

How many derivative units does the filing show after the transactions?

107,349 derivative units (cash-settled restricted stock units) are reported as beneficially owned following the transactions.

When was the Form 4 signed and filed?

The signature block shows Brian T. Moynihan with Michael P. Lapp POA and the date 08/19/2025.

AG真人官方

[Form 4] Bank of America Corporation Insider Trading Activity

Insights

FAQ

What transactions did Brian T. Moynihan report on Form 4 for BAC?

How many shares does the CEO beneficially own after the reported transactions?

What is the vesting schedule for the granted restricted stock units?

How many derivative units does the filing show after the transactions?

When was the Form 4 signed and filed?

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[Form 4] Bank of America Corporation Insider Trading Activity

Insights

Corporate Governance Expert neutral

Compensation & Securities Analyst neutral

FAQ

What transactions did Brian T. Moynihan report on Form 4 for BAC?

How many shares does the CEO beneficially own after the reported transactions?

What is the vesting schedule for the granted restricted stock units?

How many derivative units does the filing show after the transactions?

When was the Form 4 signed and filed?

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