4/A: Bank of America Executive Corrects Share Transaction in Amended SEC Filing

A Bank of America executive, Rudolf A. Bless, filed an amended SEC Form 4 to correct a previously reported share disposition for tax withholding.

Summary

• Rudolf A. Bless, Chief Accounting Officer at Bank of America, filed an amended Form 4 with the SEC.
• The amendment corrects a previous filing on November 19, 2024, which incorrectly stated the number of shares disposed of for tax withholding.
• The corrected filing shows a disposition of 1,182 shares, not 1,176 shares, to satisfy a tax withholding obligation.
• Following the corrected transaction, Bless indirectly owns 269,712 shares of Bank of America common stock through a revocable trust.

Sentiment

Score: 6

Explanation: The document is a correction of a previous error, which is not ideal but also not a major negative. It's a routine filing with a minor correction.

Industry Context

This is a routine filing related to executive share transactions and is common for publicly traded companies.

Comparison to Industry Standards

• Executive share transactions and their reporting via SEC Form 4 are standard practice across all publicly listed companies.
• The correction of errors in these filings is also a normal part of the process, ensuring accuracy and transparency.
• Similar filings can be seen from executives at other major financial institutions such as JP Morgan Chase, Citigroup, and Wells Fargo.

Stakeholder Impact

• The correction ensures accurate reporting to shareholders and the public.

Key Dates

Keywords

SEC Filing, Form 4, Beneficial Ownership, Share Transaction, Tax Withholding, Bank of America, Rudolf A. Bless