Greener Geoffrey S 4

What Happened
Geoffrey S. Greener, Chief Risk Officer of Bank of America (BAC), exercised a total of 179,743 contingent units/derivatives on Feb 15, 2026. Following the exercises, Greener surrendered about 105,529 shares (via tax-withholding and disposition to the issuer) at $52.55 per share, generating approximately $5,545,549 in proceeds to satisfy tax liabilities and related obligations. These transactions are exercises/conversions of granted units and related share surrenders rather than open-market sales.

Key Details

• Transaction date: February 15, 2026; Filing date: February 18, 2026. (Compare filing timing to SEC rules if timeliness is a concern.)
• Exercise totals: 179,743 units converted to shares (multiple grants). Surrendered/Disposed shares: ~105,529.
• Price for surrendered shares: $52.55 per share; total cash reported for disposed shares: ~$5.55M.
• Codes: M = exercise/conversion of derivative units; F = payment of exercise price or tax liability (shares withheld/surrendered); D = disposition to issuer to satisfy tax withholding.
• Footnotes: units are contingent rights to one share and come from multiple grants (2022–2025) with staggered vesting schedules; several grants vest in cash or shares in equal annual installments.
• Shares owned after the transactions are not specified in the summary data provided.

Context

• These were exercises of previously granted units with shares surrendered to cover taxes (a common "cashless" or net-settlement style outcome). That is typically routine compensation-related activity rather than a directional buy/sell signal.
• For retail investors: purchases are usually more informative about insider bullishness; these transactions mostly reflect exercise/settlement and tax withholding, not an outright open-market sale for investment reasons.