Form 4: Bank of America Executive Dean Athanasia Reports Stock Transactions
SEC Form 4
Dean C. Athanasia, a Bank of America executive, reports the acquisition and disposition of common stock and restricted stock units on February 15, 2025.
Summary
- Dean C. Athanasia, President of Regional Banking at Bank of America, filed a Form 4 detailing changes in beneficial ownership.
- On February 15, 2025, Athanasia acquired shares through the vesting of restricted stock units and disposed of shares to cover tax obligations.
- The transactions involved common stock and various series of restricted stock units granted between 2021 and 2024.
- Athanasia's direct ownership of Bank of America common stock after these transactions is 528,340 shares.
- The price per share for the disposition of shares to cover tax obligations was $46.96.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the financial services industry.
Comparison to Industry Standards
- Executive compensation practices, including the use of restricted stock units, are standard across large financial institutions like JPMorgan Chase, Citigroup, and Wells Fargo.
- The vesting schedules and terms of these units are generally comparable to those offered by peer companies to incentivize and retain key personnel.
- The reporting requirements under Section 16(a) of the Securities Exchange Act are consistently followed by executives at these firms.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
- Employees may be indirectly affected by executive compensation policies, but this filing does not indicate any significant impact.
Key Dates
| Date | Description |
|---|---|
| 02/12/2021 | Reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2022. |
| 02/15/2022 | Reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2023. |
| 02/15/2022 | Reporting person was granted units, vesting in two equal annual installments commencing on February 15, 2025. |
| 02/15/2023 | Reporting person was granted units, vesting in four equal annual installments commencing on February 15, 2024. |
| 02/15/2024 | Reporting person was granted units, vesting in shares in four equal annual installments commencing on February 15, 2025. |
| 02/15/2024 | Reporting person was granted units, vesting in cash in four equal annual installments commencing on February 15, 2025. |
| 02/15/2025 | Date of earliest transaction; vesting of restricted stock units and disposition of shares for tax obligations. |
| 02/19/2025 | Date of signature for the report. |
Keywords
Form 4, Beneficial Ownership, Stock Transactions, Restricted Stock Units, Bank of America, Athanasia, BAC
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.