Scrivener Thomas M 4
4 · BANK OF AMERICA CORP /DE/ · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
Bank of America (BAC) Chief Operations Exec Thomas Scrivener Sells 50,000 Shares
What Happened
Thomas M. Scrivener, Chief Operations Executive at Bank of America, sold 50,000 shares in an open-market transaction on March 5, 2026. The disposal generated $2,491,000 in proceeds. The filing reports a weighted-average price of $49.82 per share (sales occurred in multiple trades at prices from $49.82 to $49.83). This was a sale (Form 4 code S), which is often routine and does not by itself indicate a change in insider sentiment.
Key Details
- Transaction date: 2026-03-05 (filed 2026-03-06).
- Transaction type: Open-market sale (Code S).
- Shares sold: 50,000.
- Price: Weighted average $49.82; trades ranged $49.82–$49.83.
- Proceeds: $2,491,000.
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnote: Price is a weighted average; the filer notes the sale occurred in multiple transactions and offers to provide per-price breakdown on request.
- Filing timeliness: Filed the next day; no late filing indicated in the provided data.
Context
Sales by executives can reflect routine actions (diversification, personal needs, pre-set plans) and are less informative than purchases about an insider’s outlook. No 10b5-1 plan, tax-withholding, or other special conditions were disclosed in the provided summary.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-03-05$49.82/sh−50,000$2,491,000→ 227,973 total
Footnotes (1)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.82 to $49.83, inclusive. The reporting person undertakes to provide to Bank of America Corporation, any security holder of Bank of America Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.