MOYNIHAN BRIAN T 4

4 · BANK OF AMERICA CORP /DE/ · Filed Feb 13, 2026

AI-generated summary of this filing

Updated Feb 14, 2026

Bank of America (BAC) CEO Brian Moynihan Receives Equity Awards

What Happened

Brian T. Moynihan, Chair and CEO of Bank of America Corporation (BAC), received three equity awards on February 13, 2026 totaling 723,313 units (216,994 + 361,656 + 144,663). These entries are reported as awards/grants (derivative units); no per‑share dollar price or total cash value is listed on the Form 4.

Key Details

Transaction date: 2026-02-13; Transaction code: A (award/grant); Reported price: N/A.
Total units granted: 723,313 units (sum of the three awards listed).
Shares/units after transaction: Not specified in the provided data (not reported here).
Important footnotes from the filing:
- F1: Each unit may be the economic equivalent of one share of common stock.
- F2: One award vests and is paid solely in cash in 12 monthly installments (1/12th on the 15th of each month, Mar 2026–Feb 2027).
- F3: Some units represent a contingent right to receive one share of common stock.
- F4: One award is performance‑based (target = 100% shown); half tied to 3‑year avg. return on assets and half to 3‑year avg. growth in adjusted tangible book value (performance period Jan 1, 2026–Dec 31, 2028). If earned, it will be settled in shares on March 1, 2029; actual payout may be 0%–150% of target.
- F5: One award vests in four equal annual installments beginning Feb 15, 2027 and is settled in shares.
Exemption/plan: Awards were made under the Bank of America Equity Plan and reported as exempt under Rule 16b‑3(d) (routine executive compensation).
Filing timeliness: Reported period and filing date are both 2026-02-13 (appears timely based on provided data).

Context

These are compensation awards (not open‑market purchases or sales) and include a mix of cash‑settled units, time‑vesting restricted units, and performance‑based units that may pay out in shares depending on future results. Such grants are common for executives as part of pay packages and do not represent immediate buying or selling activity.

Form 4

Period: 2026-02-13

DirectorChair and CEO

Transactions

Award
2026 Cash Settled Restricted Stock Units
[F1][F2]
2026-02-13+216,994→ 216,994 total
Exp: 2027-02-15→ Common Stock (216,994 underlying)
Award
2026 Performance Restricted Stock Units
[F3][F4]
2026-02-13+361,656→ 361,656 total
→ Common Stock (361,656 underlying)
Award
2026 Restricted Stock Units
[F3][F5]
2026-02-13+144,663→ 144,663 total
Exp: 2030-02-15→ Common Stock (144,663 underlying)

Holdings

Footnotes (5)

[F1]Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
[F2]Award under the Bank of America Corporation Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units vest and are payable solely in cash as follows: 1/12th on the 15th day of each month during the 12-month period beginning March 2026 and ending in February 2027.
[F3]Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
[F4]Award under the Bank of America Corporation Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units are subject to the attainment of pre-established performance goals. One-half of the units have performance goals based on the Company's three-year average return on assets and one-half of the units have performance goals based on the Company's three-year average growth in adjusted tangible book value, both beginning on January 1, 2026 and ending December 31, 2028. To the extent earned, the award will be settled in shares on March 1, 2029. The reported number of units represents the "target" amount of the award (i.e., 100%); the actual award upon vesting may range between 0% and 150% of the target, depending upon satisfaction of the performance goals.
[F5]Award under the Bank of America Corporation Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units are settled in shares and vest in four equal annual installments commencing February 15, 2027.

Signature

Brian T. Moynihan / Michael P. Lapp POA|2026-02-13

1 file