Matthew M. Koder - 01 Jun 2023 Form 4 Insider Report for BANK OF AMERICA CORP /DE/ (BAC)

Signature
Matthew M. Koder / Michael P. Lapp POA
Issuer symbol
BAC
Transactions as of
01 Jun 2023
Net transactions value
-$189,765
Form type
4
Filing time
05 Jun 2023, 16:07:06 UTC
Previous filing
04 Apr 2023
Next filing
26 Jul 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BAC Common Stock Options Exercise +50,000 +16% 369,803 01 Jun 2023 Direct F1
transaction BAC Common Stock Tax liability $189,765 -6,831 -1.8% $27.78 362,972 01 Jun 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BAC Restricted Stock Units Options Exercise -50,000 -50% 50,000 01 Jun 2023 Common Stock 50,000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
F2 Disposition of shares to the issuer to satisfy a tax withholding obligation.
F3 On June 1, 2021, the reporting person was granted units, vesting in three equal annual installments commencing on June 1, 2022.