Leitch David G 4
4 · BANK OF AMERICA CORP /DE/ · Filed Feb 12, 2021
Insider Transaction Report
Form 4
Leitch David G
Global General Counsel
Transactions
- Award
2021 Performance Restricted Stock Units
2021-02-12+52,526→ 52,526 total→ Common Stock (52,526 underlying) - Award
2021 Restricted Stock Units
2021-02-12+52,526→ 52,526 totalExp: 2025-02-15→ Common Stock (52,526 underlying)
Holdings
- 101,197
Common Stock
Footnotes (3)
- [F1]Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
- [F2]Award under the Bank of America Corporation Key Employee Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units are subject to the attainment of pre-established 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, 2021 and ending December 31, 2023. To the extent earned, the award will be settled in shares on March 1, 2024. The reported number of units represents the "maximum" amount of the award (i.e., 100%); the actual award upon vesting may range between 0% and 100% of the maximum, depending upon satisfaction of the performance goals.
- [F3]Award under the Bank of America Corporation Key Employee Equity Plan in a transaction that is exempt under Rule 16b-3(d). These units vest in four equal annual installments commencing February 15, 2022.