Form 4: Bank of America Executive Bernard A. Mensah Reports Stock Transactions

Bernard A. Mensah, President, International at Bank of America, reports transactions involving common stock and phantom stock units.

Summary

• On March 1, 2024, Bernard A. Mensah, President, International at Bank of America, reported transactions involving Bank of America common stock and phantom stock units.
• Mensah acquired 1,431 shares of common stock through the vesting of phantom stock units.
• Mensah also disposed of 1,431 shares of common stock at a price of $34.35.
• The transactions resulted in Mensah beneficially owning 170,175 shares of common stock following the reported transactions.
• Mensah also reported transactions involving phantom stock units, including the vesting of units granted in 2017 and 2018.
• The reporting person was granted phantom units, vesting in five equal annual installments commencing on March 1, 2020 and March 1, 2021.
• The net amount of each installment after any applicable tax withholding is subject to an additional six-month or twelve-month holding period after vesting.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership of the reporting person.

Key Dates