Okpara Johnbull 4
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Bank of America (BAC) CAO Johnbull Okpara Receives Award
What Happened Johnbull Okpara, Chief Accounting Officer of Bank of America Corporation, was granted 69,219 contingent stock units (derivative award) on February 13, 2026. The filing shows no purchase price (N/A) because this is an equity award rather than an open-market trade. These units represent rights to receive common shares and are part of executive compensation rather than a buy or sell in the market.
Key Details
- Transaction date: 2026-02-13; transaction type: Award/Grant (code A).
- Amount: 69,219 contingent stock units; price: N/A (derivative award, not an open-market trade).
- Footnotes: Each unit equals a contingent right to one share. Award under the Bank of America Equity Plan and exempt under Rule 16b-3(d). Units vest in four equal annual installments beginning February 15, 2027 and are settled in shares.
- Shares owned after transaction: Not specified in the provided filing details.
- Filing timeliness: Report filed with period and filing date both 2026-02-13 (appears timely).
Context This is a standard equity compensation grant for an executive. Such awards are typically part of pay and long-term retention and do not represent an immediate market purchase or sale. Because the units vest over time and convert to shares later, they do not indicate an immediate sale or cashless exercise.