Leitch David G 4
4 · BANK OF AMERICA CORP /DE/ · Filed Mar 3, 2020
Insider Transaction Report
Form 4
Leitch David G
Global General Counsel
Transactions
- Tax Payment
Common Stock
2020-03-01$28.50/sh−29,054$828,039→ 101,197 total - Exercise/Conversion
2017 Performance Restricted Stock Units
2020-03-01−64,406→ 0 total→ Common Stock (64,406 underlying) - Exercise/Conversion
Common Stock
2020-03-01+64,406→ 130,251 total
Footnotes (3)
- [F1]Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
- [F2]Disposition of shares to the issuer to satisfy a tax withholding obligation.
- [F3]On February 15, 2017, the reporting person was granted units, subject to the Company's attainment of performance goals. One-half of the units have performance goals based on the Company's three year average return on assets and one-half of the units have performance goals based on the Company's three year average growth in adjusted tangible book value, both beginning on January 1, 2017 and ending December 31, 2019. For the performance period, an amount equaling 100% of the target was earned. Of the 100% earned, 100% was settled in shares on March 1, 2020.