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 disposition of 50,000 shares of common stock and phantom stock units on July 24, 2024.
Summary
- On July 24, 2024, Matthew M. Koder, President, Global Corporate & Investment Banking at Bank of America, reported transactions involving Bank of America common stock and phantom stock units.
- Koder disposed of 50,000 shares of common stock at a price of $42.19 per share.
- He also disposed of 50,000 phantom stock units, which are the economic equivalent of one share of Bank of America common stock each.
- Following these transactions, Koder directly owns 590,415 shares of Bank of America common stock.
- 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: The document 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.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
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 | Beginning of two equal annual installments for phantom units granted on July 24, 2020. |
| 07/24/2024 | Date of stock and phantom stock unit transactions. |
| 07/26/2024 | Date of signature on the report. |
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