Ramos Denise L 4

What Happened

• Denise L. Ramos, a director of Bank of America Corporation (BAC), was granted 5,365.01 phantom stock units on 2026-05-04 as payment of annual director compensation under the Bank of America Director Deferral Plan. The units are derivative securities that are the economic equivalent of one share each; no per-share price or cash value is reported in the filing. The grant includes 1,707.66 phantom units acquired via dividend reinvestment.

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (timely, within the usual 2-business-day window).
• Transaction type/code: Award/Grant (A); derivative security = phantom stock units.
• Number of units acquired: 5,365.01 total (includes 1,707.66 from dividend reinvestment).
• Price/value: N/A (filing does not report a dollar value for these phantom units).
• Shares/units owned after transaction: Not specified in this filing.
• Notable mechanics: Units granted under the Director Deferral Plan and transactions are exempt under Rule 16b-3; phantom units may be settled in cash upon death or termination of service.

Context

• Phantom stock units are a form of deferred compensation that track the economic value of common shares but are typically settled in cash (or possibly stock) later; they are routine director pay and do not by themselves indicate buying or selling sentiment.