MOYNIHAN BRIAN T 4
4 · BANK OF AMERICA CORP /DE/ · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Bank of America (BAC) CEO Brian Moynihan Sells 18,083 Shares
What Happened
Brian T. Moynihan, Chair and CEO of Bank of America, exercised/converted derivative units and disposed of 18,083 shares on April 15, 2026. The disposition was to the issuer at $54.32 per share for proceeds of $982,269. The filing shows the exercise/conversion (transaction code M) followed by a disposition to the issuer (code D) of the same 18,083 shares.
Key Details
- Transaction date: 2026-04-15. Form 4 filed 2026-04-17 (within the typical 2-business-day reporting window).
- Exercise/conversion (M): 18,083 unit/shares acquired via derivative conversion.
- Disposition to issuer (D): 18,083 shares sold at $54.32 each; proceeds $982,269.
- Shares owned after the transactions: not specified in the information provided.
- Footnotes of note:
- F1: Each unit reported is the economic equivalent of one share of BAC common stock.
- F2: 401(k) share equivalents increased by 30.135 shares from dividend reinvestment and NAV changes.
- F3: On Feb 13, 2026, Moynihan was granted units that vest/payable solely in cash monthly (1/12th each month Mar 2026–Feb 2027).
Context
This was effectively a sell following an exercise/conversion of derivative units; when exercised units are immediately transferred to the issuer, that often reflects a sell-to-issuer transaction rather than an open-market buy. The filing is factual and does not state the insider’s motivation. The presence of cash-settled/vested units (F3) and the “to issuer” disposition are important details for understanding the mechanics of this transaction.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-04-15+18,083→ 2,717,695 total - Disposition to Issuer
Common Stock
2026-04-15$54.32/sh−18,083$982,269→ 2,699,612 total - Exercise/Conversion
2026 Cash Settled Restricted Stock Units
[F1][F3]2026-04-15−18,083→ 180,829 totalExp: 2027-02-15→ Common Stock (18,083 underlying)
- 3,613.619(indirect: By 401(k))
Common Stock
[F2] - 100,000(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Each unit is the economic equivalent of one share of Bank of America Corporation common stock.
- [F2]The share equivalents attributed to the reporting person's 401(k) balance increased 30.135 shares due to dividend reinvestments and changes in the Net Asset Value (NAV) of the issuer's stock fund.
- [F3]On February 13, 2026, the reporting person was granted units, vesting and payable solely in cash as follows: 1/12th of the stock units vest and become payable on the 15th day of each month during the 12-month period beginning in March 2026 and ending in February 2027.