MOYNIHAN BRIAN T 4

What Happened
Brian T. Moynihan, Chair and CEO of Bank of America (BAC), converted stock units and disposed of 18,082 shares on March 15, 2026. The disposition to the issuer was at $46.72 per share, generating $844,791. The filing shows derivative-conversion entries (code M) tied to the same 18,082 shares and a disposition to the issuer (code D), indicating the converted units were surrendered for cash.

Key Details

• Transaction date: March 15, 2026; Form 4 filed March 17, 2026. Filing appears timely.
• Disposal: 18,082 shares sold to the issuer at $46.72 per share for total proceeds of $844,791.
• Derivative activity: two entries coded M (exercise/conversion of derivative) related to the 18,082 units/shares and one D (disposition to issuer).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — each unit equals the economic equivalent of one common share. F2 — units were granted Feb 13, 2026 and vest/payable solely in cash in monthly installments from March 2026 through Feb 2027.
• No 10b5‑1 plan or late-filing indication shown in the excerpt.

Context
The transaction appears to reflect conversion of cash-settled stock units and immediate surrender/disposition to the issuer (net/cash settlement or sell-to-cover), rather than an open-market sale of previously held shares. Such conversions are typically routine payroll/award settlements; the filing is factual and does not indicate management intent.