Athanasia Dean C 4
4 · BANK OF AMERICA CORP /DE/ · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Bank of America (BAC) Co‑President Athanasia Dean Exercises Units, Surrenders Shares
What Happened
- Athanasia Dean, Co‑President of Bank of America, exercised a total of 190,997 vested units/derivatives on February 15, 2026. As part of the transactions, she surrendered (disposed to the issuer or to satisfy tax withholding) a total of 109,841 shares at $52.55 per share, generating about $5,772,144 in value used to cover tax liabilities. The underlying instruments are reported as contingent units/derivatives (no exercise price listed for the unit conversion lines).
Key Details
- Transaction date: February 15, 2026; Filing date: February 18, 2026 (filed after the transaction — appears to be one business day late versus the usual two‑business‑day Form 4 deadline).
- Units exercised (derivative code M): 190,997 total (broken out across several grants: 21,830; 75,000; 26,853; 17,769; 17,769; 15,888; 15,888).
- Shares surrendered for taxes/payment (code F) and disposition to issuer (code D): 109,841 shares total (withheld/tendered amounts: 10,553; 36,353; 13,007; 8,596; 7,675; plus issuer dispositions of 17,769 and 15,888).
- Price reported for withheld/disposed shares: $52.55 per share; total value surrendered ≈ $5,772,144.
- Footnotes: units represent contingent rights to one share (F1/F3). Grants cited have various vesting schedules (annual installments from grants dated 2022–2025; see F4–F10). F2 confirms dispositions to the issuer were to satisfy tax withholding.
- Shares owned after the transactions are not provided in the excerpt of the filing.
Context
- This appears to be a routine conversion/vesting event with a “sell‑to‑cover” / surrender of shares to pay taxes, not an open‑market sale. For derivative/unit exercises where shares are immediately withheld/surrendered to cover taxes, the transaction is typically administrative rather than an express bullish or bearish trade.
- Transaction codes: M = exercise/conversion of derivative units; F = payment of exercise price or tax liability (shares withheld); D = disposition to issuer (surrendered to company).
- No evidence in the provided filing of a 10b5‑1 plan or gifting — this is a vesting/exercise and tax‑withholding transaction.
Insider Transaction Report
Form 4
Athanasia Dean C
Co-President
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-15+21,830→ 580,499 total - Tax Payment
Common Stock
[F2]2026-02-15$52.55/sh−10,553$554,560→ 569,946 total - Exercise/Conversion
Common Stock
[F1]2026-02-15+75,000→ 644,946 total - Tax Payment
Common Stock
[F2]2026-02-15$52.55/sh−36,353$1,910,350→ 608,593 total - Exercise/Conversion
Common Stock
[F1]2026-02-15+26,853→ 635,446 total - Tax Payment
Common Stock
[F2]2026-02-15$52.55/sh−13,007$683,518→ 622,439 total - Exercise/Conversion
Common Stock
[F1]2026-02-15+17,769→ 640,208 total - Tax Payment
Common Stock
[F2]2026-02-15$52.55/sh−8,596$451,720→ 631,612 total - Exercise/Conversion
Common Stock
[F3]2026-02-15+17,769→ 649,381 total - Disposition to Issuer
Common Stock
2026-02-15$52.55/sh−17,769$933,761→ 631,612 total - Exercise/Conversion
Common Stock
[F1]2026-02-15+15,888→ 647,500 total - Tax Payment
Common Stock
[F2]2026-02-15$52.55/sh−7,675$403,321→ 639,825 total - Exercise/Conversion
Common Stock
[F3]2026-02-15+15,888→ 655,713 total - Disposition to Issuer
Common Stock
2026-02-15$52.55/sh−15,888$834,914→ 639,825 total - Exercise/Conversion
2022 Restricted Stock Units
[F1][F4]2026-02-15−21,830→ 0 totalExp: 2026-02-15→ Common Stock (21,830 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-02-15−75,000→ 0 totalExp: 2026-02-15→ Common Stock (75,000 underlying) - Exercise/Conversion
2023 Restricted Stock Units
[F1][F6]2026-02-15−26,853→ 26,853 totalExp: 2027-02-15→ Common Stock (26,853 underlying) - Exercise/Conversion
2024 Restricted Stock Units
[F1][F7]2026-02-15−17,769→ 35,538 totalExp: 2028-02-15→ Common Stock (17,769 underlying) - Exercise/Conversion
2024 Restricted Stock Units
[F3][F8]2026-02-15−17,769→ 35,537 totalExp: 2028-02-15→ Common Stock (17,769 underlying) - Exercise/Conversion
2025 Restricted Stock Units
[F1][F9]2026-02-15−15,888→ 47,667 totalExp: 2029-02-15→ Common Stock (15,888 underlying) - Exercise/Conversion
2025 Restricted Stock Units
[F3][F10]2026-02-15−15,888→ 47,667 totalExp: 2029-02-15→ Common Stock (15,888 underlying)
Footnotes (10)
- [F1]Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
- [F10]On February 14, 2025, the reporting person was granted units, vesting in cash in four equal annual installments commencing on February 15, 2026.
- [F2]Disposition of shares to the issuer to satisfy a tax withholding obligation.
- [F3]Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
- [F4]On February 15, 2022, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2023.
- [F5]On February 15, 2022, the reporting person was granted units, vesting in two equal annual installments commencing on February 15, 2025.
- [F6]On February 15, 2023, the reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2024.
- [F7]On February 15, 2024, the reporting person was granted units, vesting in shares in four equal annual installments commencing on February 15, 2025.
- [F8]On February 15, 2024, the reporting person was granted units, vesting in cash in four equal annual installments commencing on February 15, 2025.
- [F9]On February 14, 2025, the reporting person was granted units, vesting in shares in four equal annual installments commencing on February 15, 2026.
Signature
Dean C. Athanasia / Michael P. Lapp POA|2026-02-18