Martinez Maria 4

What Happened

• Maria Martinez, a director of Bank of America Corporation (BAC), was granted 5,365 shares on May 4, 2026. The Form 4 reports an acquisition at $0.00 per share (total reported value $0), indicating these shares were issued as compensation rather than a market purchase.

Key Details

• Transaction date: 2026-05-04 (reported on Form 4 filed 2026-05-06)
• Transaction type: Award/Grant (code A)
• Shares acquired: 5,365 at $0.00 per share; total reported value $0
• Shares owned after transaction: Not disclosed in the provided filing
• Footnote: Shares represent payment of annual director compensation under the Bank of America Corporation Equity Plan; transaction exempt under Rule 16b-3
• Filing timeliness: Filed two days after the transaction date — appears timely (no late-filing flag provided)

Context

• This was a routine equity award for director compensation, not an open-market buy or sale. Such awards are common for board service and may be subject to the equity plan’s vesting or transfer restrictions; they are treated as compensation for regulatory reporting and are typically exempt from short-swing profit liability under Rule 16b-3.