Form 4: Bank of America Executive Bernard A. Mensah Reports Stock Transactions
SEC Form 4 Filing
Bernard A. Mensah, President, International at Bank of America, reports the vesting and subsequent tax withholding of restricted stock units and phantom stock units on February 15, 2025, resulting in changes to his beneficial ownership of company stock.
Summary
- On February 15, 2025, Bernard A. Mensah, President, International at Bank of America, reported transactions involving Bank of America common stock.
- These transactions included the vesting of restricted stock units (RSUs) and phantom stock units, as well as the disposition of shares to cover tax withholding obligations.
- The vesting of RSUs and phantom stock units resulted in the acquisition of shares.
- Simultaneously, a portion of the shares were disposed of to satisfy tax obligations at a price of $46.96 per share.
- These transactions changed Mensah's direct ownership of Bank of America common stock.
- The reported transactions were made pursuant to the terms of previously granted equity awards, which vest in installments and are subject to additional holding periods after vesting.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in insider ownership.
- The tax withholding impacts the executive's net compensation.
Key Dates
| Date | Description |
|---|---|
| 02/15/2018 | Reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2021. |
| 02/15/2019 | Reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2022. |
| 02/15/2019 | Reporting person was granted units, with 40% vesting on February 15, 2022 and the remaining 60% vesting in five equal annual installments commencing on February 15, 2024. |
| 02/14/2020 | Reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2023. |
| 02/12/2021 | Reporting person was granted units, vesting in five equal annual installments commencing on February 15, 2024. |
| 02/12/2021 | Reporting person was granted phantom units, with 40% vesting on February 15, 2023 and the remaining 60% vesting in five equal annual installments commencing on February 15, 2025. |
| 02/15/2022 | Reporting person was granted units, vesting in five equal annual installments commencing February 15, 2025. |
| 02/15/2025 | Date of earliest transaction reported; vesting of restricted stock units and phantom stock units; disposition of shares for tax withholding. |
| 02/19/2025 | Date of the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Phantom Stock Units, Tax Withholding, Bank of America, Mensah, BAC
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