Form 4: Bank of America Director Thomas D. Woods Reports Changes in Beneficial Ownership

Director Thomas D. Woods reports acquisition of shares as compensation and disposition of shares to cover tax obligations.

Summary

• On April 24, 2024, Thomas D. Woods, a director of Bank of America, reported changes in beneficial ownership of the company's common stock.
• Woods acquired 7,045 shares of common stock as part of his annual compensation for services as a director under the Bank of America Corporation Equity Plan.
• These shares were acquired at a price of $0.
• Woods also disposed of 3,249 shares to the issuer to satisfy a tax withholding obligation at a price of $38.32.
• Following these transactions, Woods directly owns 68,457 shares of Bank of America common stock and indirectly owns 50,003 shares through 2555271 Ontario Inc.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing reflects routine transactions related to director compensation and tax obligations.

Positives

• The acquisition of shares as compensation indicates the director's continued alignment with the company's success.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is specific to Bank of America and its director.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are related to director compensation and tax obligations.

Key Dates