Form 4: BAC CEO Moynihan Reports Stock Transactions

Bank of America CEO Brian Moynihan reported the exercise of cash-settled restricted stock units and a corresponding sale of common stock under a Rule 10b5-1 plan.

Summary

• Brian T. Moynihan, Chair and CEO of Bank of America Corp (BAC), reported transactions involving common stock and cash-settled restricted stock units.
• On November 15, 2025, Moynihan acquired 17,891 shares of common stock through the exercise of derivative securities.
• Concurrently, on November 15, 2025, Moynihan disposed of 17,891 shares of common stock at a price of $52.61 per share.
• Following these transactions, Moynihan directly owns 2,651,313 shares of common stock.
• Indirect holdings include 3,568.159 shares in a 401(k) Plan and 100,000 shares held by a Trust.
• The reported transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: This is a routine Form 4 filing reporting insider transactions, typically pre-scheduled under a 10b5-1 plan, and does not inherently convey positive or negative sentiment about the company's performance or outlook.

Future Outlook

The filing indicates a pre-planned vesting and sale schedule for cash-settled restricted stock units, with units vesting monthly until February 2026.

Industry Context

This is a routine insider transaction filing for a major financial institution's CEO, reflecting compensation and personal financial planning rather than specific industry trends or competitive actions.

Next Steps

• Remaining cash-settled restricted stock units will continue to vest monthly until February 15, 2026.

Key Dates

Keywords

Bank of America, BAC, Brian Moynihan, Insider Trading, Form 4, Stock Transaction, CEO, Restricted Stock Units, Rule 10b5-1