Okpara Johnbull 4

What Happened

• Johnbull Okpara, Chief Accounting Officer of Bank of America, exercised/conversion of 29,908 contingent units into common shares on Feb 15, 2026. Of those, 15,269 shares were surrendered to the issuer to satisfy tax withholding at $52.55 per share, totaling $802,386. That implies Okpara received a net of 14,639 shares (29,908 exercised − 15,269 withheld).
• Separately, on Feb 13, 2026 Okpara was reported as granted 10,000 units (these are contingent rights that settle in shares and vest over future installments). These transactions are compensation-related (awards/exercise), not an open-market purchase or a discretionary sale.

Key Details

• Transaction dates: Grant reported Feb 13, 2026 (10,000 units); exercise/conversion and withholding occurred Feb 15, 2026.
• Withholding sale: 15,269 shares disposed to issuer at $52.55 each to cover tax obligations = $802,386 (coded F for tax withholding).
• Exercise/Conversion: 29,908 units converted to shares (coded M for exercise/conversion of derivative). Units represent contingent rights to one share each.
• Vesting/award notes: The awarded units are under the Bank of America Equity Plan and vest in scheduled installments (per filing footnotes).
• Shares owned after transaction: Not specified in the data provided in this summary.
• Filing: Form 4 filed Feb 18, 2026 reporting these transactions.

Context

• This is a routine equity award exercise and tax-withholding event (a common cashless-style settlement where shares are surrendered to cover taxes). It’s compensation-related rather than an indication of open-market buying or selling intent. The granted units vest over future years, so additional share issuances or exercises may follow as vesting occurs.