Form 4: Bank of America Executive Matthew M. Koder Reports Stock Transactions
SEC Form 4 Filing
Matthew M. Koder, a Bank of America executive, reported the acquisition and disposition of common stock and derivative securities.
Summary
- Matthew M. Koder, President, Global Corporate & Investment Banking at Bank of America, filed a Form 4 detailing changes in beneficial ownership.
- On August 15, 2024, Koder acquired 22,433 shares of common stock through the vesting of restricted stock units.
- Also on August 15, 2024, Koder disposed of 2,954 shares to satisfy a tax withholding obligation at a price of $39.03 per share.
- Following these transactions, Koder directly owns 609,894 shares of Bank of America common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| February 12, 2021 | Reporting person was granted 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 | Transaction date: Acquisition of 22,433 shares via vesting of restricted stock units and disposition of 2,954 shares for tax withholding. |
| August 19, 2024 | Date of signature on the Form 4 filing. |
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.