Form 4: Bank of America Executive Reports Stock Transactions
SEC Form 4 Filing
Eric A. Schimpf, a Bank of America executive, reports the vesting and disposition of restricted stock units and shares to cover tax obligations.
Summary
- On May 15, 2024, Eric A. Schimpf, President of Merrill Wealth Management at Bank of America, reported transactions involving Bank of America common stock.
- These transactions included the vesting of 1,234 restricted stock units and the subsequent disposition of 517 shares to satisfy tax withholding obligations at a price of $38.91 per share.
- Following these transactions, Schimpf directly owns 26,844 shares of Bank of America common stock.
- Schimpf also indirectly owns 988 shares through a child's UTMA account.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and holdings in their company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/15/2022 | Reporting person was granted units, vesting in sixteen equal quarterly installments commencing May 15, 2022. |
| 05/15/2024 | Vesting of 1,234 restricted stock units and disposition of 517 shares for tax obligations. |
| 05/17/2024 | Date of signature for the report. |
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