Thompson Bruce R. 4

What Happened

• Bruce R. Thompson, Vice Chair and Head of Enterprise Credit at Bank of America, exercised a series of restricted-unit/derivative awards on February 15, 2026 that converted into common shares. The exercises totaled about 239,926 underlying shares. To satisfy tax withholding and other required payments, he surrendered about 130,555 shares back to the issuer at $52.55 per share, representing roughly $6.86 million. The net shares retained by Thompson from these exercises are approximately 109,371 shares.
• These actions are routine compensation vesting/exercise events rather than open-market buys or discretionary sales.

Key Details

• Transaction date: February 15, 2026; Form 4 filed Feb 18, 2026 (timely given the holiday schedule).
• Exercise type code M = exercise/conversion of units (derivatives/RSUs); F = shares withheld/used to pay tax liability; D = disposition to issuer to satisfy withholding.
• Per-share price used for withholding/surrenders: $52.55. Total value of shares surrendered for taxes/withholding: ≈ $6,860,665.
• Approximate totals: ~239,926 shares converted; ~130,555 shares withheld/surrendered; net retained ≈ 109,371 shares.
• Footnotes: units generally represent contingent rights to one share (F1/F3). Multiple grants with standard vesting schedules are referenced (see F4–F13 for grant dates and vesting schedules). F2 confirms dispositions to the issuer were to satisfy tax withholding.
• No late filing flag noted; appears to be a routine vesting/exercise filing.

Context

• These were exercises/conversions of company compensation units (derivative/RSU-style awards) followed by cashless-type settlements (shares withheld or surrendered to cover taxes). That pattern is common for executive equity vesting and does not by itself indicate a voluntary market sale or purchase decision.
• For retail investors: purchases are typically the more meaningful bullish signals; here the event mainly reflects routine compensation vesting and tax withholding.