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 disposition of 50,000 shares of common stock and phantom stock units on July 24, 2024.
Summary
- On July 24, 2024, James P. DeMare, President of Global Markets at Bank of America, reported transactions involving Bank of America common stock and phantom stock units.
- DeMare disposed of 50,000 shares of common stock at a price of $42.19.
- He also disposed of 50,000 phantom stock units.
- Following these transactions, DeMare directly owns 0 shares of common stock and indirectly owns 272,570 shares through a revocable trust.
- The phantom stock units disposed of were granted on July 24, 2020, vesting and payable in cash in two equal annual installments beginning on July 24, 2023.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the financial industry. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
Key Dates
| Date | Description |
|---|---|
| 07/24/2020 | Reporting person was granted phantom units, vesting and payable in cash in two equal annual installments beginning on July 24, 2023. |
| 07/24/2023 | Phantom units vesting and payable in cash in two equal annual installments began. |
| 07/24/2024 | Date of stock and phantom stock unit transactions. |
| 07/26/2024 | Date of signature on the report. |
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.