Bank of America (BAC) Director Donald W. Arnold Receives Award

What Happened
Donald W. Arnold, a director of Bank of America Corporation (BAC), was granted 5,365 shares on 2026-05-04 as payment of his annual director compensation. The filing reports an acquisition at $0.00 per share (total reported value $0), reflecting an award rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-04; filing date: 2026-05-06.
• Transaction type: Award/Grant (code A) — 5,365 shares acquired at $0.00 (reported value $0).
• Shares owned after transaction: not specified in the filing.
• Footnote: Shares were issued as annual director compensation under the Bank of America Corporation Equity Plan and are exempt under Rule 16b-3 (per footnote F1).
• No indication in the filing of a late Form 4; report date and filing date are included.

Context
This was a compensatory equity grant to a non-employee director, a routine corporate practice to pay board members. Such awards are exempt under Rule 16b-3 and do not necessarily signal a buy or sell decision by the insider. For retail investors, awards like this are informational about director compensation but are not the same as insider purchases funded from personal cash.