Allen Sharon L. 4

What Happened Sharon L. Allen, a director of Bank of America Corporation (BAC), was credited with 5,365.01 phantom stock units on 2026-05-04 as an award/acquisition under the Bank of America Director Deferral Plan. No dollar price was reported because these are derivative "phantom" units (economic equivalents of common shares) rather than actual shares. The award includes 861.08 phantom units credited via dividend reinvestment.

Key Details

• Transaction date: 2026-05-04; Form filed: 2026-05-06 (timely under the two-business-day Form 4 rule).
• Transaction code: A (award/grant/acquisition); price: N/A (phantom units).
• Shares/units received: 5,365.01 phantom stock units total, including 861.08 units from dividend reinvestment.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: Units are economic equivalents of one share (F1); units represent annual director compensation under the Director Deferral Plan and are exempt under Rule 16b-3 (F2); 861.08 units from dividend reinvestment (F3). Phantom units may be settled in cash upon death or termination of service.

Context This was a routine director compensation award, not an open-market purchase or sale, so it generally reflects payroll/benefit mechanics rather than a trading signal. For retail investors: phantom stock units track the economic value of shares but do not represent immediate share ownership and may be settled in cash.