Bronstein Sheri B. 4

What Happened
Sheri B. Bronstein, Chief People Officer at Bank of America (BAC), exercised a series of vested units/derivatives on Feb 15, 2026 and immediately surrendered a portion of the shares to cover exercise/tax obligations. The filing reports exercises totaling 119,277 shares and share dispositions (to satisfy tax withholding and to the issuer) totaling 67,529 shares at $52.55 per share, generating roughly $3,548,649 in value from the surrendered/disposed shares. After withholding and dispositions, Bronstein retained a net of about 51,748 newly acquired shares.

Key Details

• Transaction date: February 15, 2026; filing date: February 18, 2026 (timely filing).
• Exercise (code M): total of 119,277 shares acquired via conversion of units/derivatives.
• Tax withholding / payment of exercise price (code F) and disposition to issuer (code D): 67,529 shares surrendered/disposed at $52.55 each, totaling ~$3,548,649 (breakdowns in filing: e.g., 38,375 shares → $2,016,606; 6,910 shares → $363,121; etc.).
• Net shares retained after withholding: ~51,748 shares.
• Footnotes: units are contingent rights to receive one share (or cash equivalent) and various grants vest in scheduled installments (grants dated Feb 15 of 2022–2025 with staggered annual vesting). F2 notes dispositions were to satisfy tax withholding.
• No late filing flagged in the materials provided.

Context

• These were exercises of compensation units (derivative awards) followed by share withholding/disposition to cover taxes and exercise obligations — a routine, “cashless” style exercise rather than an open-market sale intended to raise cash.
• For retail investors, such withholding/surrenders are common for executive equity awards and generally reflect compensation vesting, not necessarily a personal decision to sell on the market.