Donofrio Paul M 4
4 · BANK OF AMERICA CORP /DE/ · Filed Mar 3, 2023
Insider Transaction Report
Form 4
Donofrio Paul M
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2023-03-01+92,950→ 1,069,379 total - Tax Payment
Common Stock
2023-03-01$34.14/sh−51,402$1,754,864→ 1,017,977 total - Exercise/Conversion
2020 Performance Restricted Stock Units
2023-03-01−92,950→ 0 total→ Common Stock (92,950 underlying)
Holdings
- 300(indirect: By IRA)
Common Stock
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 14, 2020, 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, 2020 and ending December 31, 2022. For the performance period, an amount equaling 89% of the target was earned. All units earned were settled in shares on March 1, 2023, and no units remain outstanding.