Scrivener Thomas M 4

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.