Mensah Bernard A 4

What happened
Bernard A. Mensah, President of International at Bank of America (BAC), exercised/converted a large number of restricted/phantom stock units into common shares on February 15, 2026 and, in connection with those conversions, disposed of shares to satisfy tax withholding. The filing shows approximately 363,000 units converted into shares (aggregate of many exercise/conversion entries) and the disposition of 95,892 shares at $52.55 per share to cover taxes and related withholding, generating about $5,039,125 in proceeds (including a 12,000-share disposition to the issuer for $630,600).

Key Details

• Transaction date: February 15, 2026; Form 4 filed Feb 18, 2026 (timely).
• Primary codes: M = exercise/conversion of derivative units; F = payment for tax withholding; D = disposition to issuer.
• Withholding/issuer disposition: 95,892 shares disposed at $52.55/share, total ≈ $5,039,125 (includes a 12,000-share disposition to issuer for $630,600).
• Aggregate conversions: the filing lists many exercise/conversion entries totaling roughly 360–365K shares (reported as N/A price because they were unit conversions).
• Shares owned after the transactions: not specified in the provided excerpt of the filing.
• Relevant footnotes: units include contingent rights and phantom units (each unit typically equals one share). Multiple grants (2018–2023) are referenced; many vested installments are subject to an additional 12‑month holding period after vesting. The F-code disposals are tax-withholding related (routine).

Context

• These transactions appear to be conversions/settlements of company awards with shares surrendered to cover tax withholding (a routine administrative step), not open-market sales driven by discretionary trading.
• Exercises/conversions are reported without a market trade price (N/A) because they convert award units into shares; the $52.55 price applies to shares surrendered to satisfy tax obligations.
• Such withholding dispositions are common following vesting/exercise and do not necessarily signal insider sentiment about the stock.