Form 4: Bank of America Executive James P. DeMare Reports Stock Transactions
SEC Form 4 Filing
James P. DeMare, President of Global Markets at Bank of America, reports the vesting of restricted stock units and related stock transactions.
Summary
- On August 15, 2024, James P. DeMare, President of Global Markets at Bank of America, reported transactions involving Bank of America common stock.
- These transactions included the vesting of 17,470 restricted stock units and the disposition of 9,661 shares to cover tax liabilities.
- Following these transactions, DeMare directly owns 280,379 shares through a revocable trust.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, 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 have a minor impact on shareholders as they reflect executive compensation and ownership changes.
Key Dates
| Date | Description |
|---|---|
| February 12, 2021 | Reporting person was granted restricted stock units, vesting in three equal annual installments commencing on August 15, 2022. |
| August 15, 2022 | First vesting date of restricted stock units granted on February 12, 2021. |
| August 15, 2024 | Date of transaction: vesting of restricted stock units and disposition of shares for tax liability. |
| August 19, 2024 | Date of signature for the report. |
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