Form 4: Bank of America Executive Thong M. Nguyen Reports Charitable Gift and 401(k) Activity
SEC Form 4 Filing
Bank of America's Vice Chair, Thong M. Nguyen, reports a charitable gift of 22,000 shares and an increase in share equivalents within their 401(k) plan.
Summary
- Thong M. Nguyen, a Vice Chair at Bank of America, filed a Form 4 detailing changes in their beneficial ownership of the company's stock.
- On August 29, 2024, Nguyen made a charitable gift of 22,000 shares of Bank of America common stock.
- The filing also indicates an increase of 3,681 shares in Nguyen's 401(k) plan due to dividend reinvestments and changes in the Net Asset Value (NAV) of the issuer's stock fund.
- Following these transactions, Nguyen directly owns 562,437 shares of Bank of America common stock and indirectly owns 333.841 shares through their 401(k) plan.
Sentiment
Score: 5
Explanation: The document is neutral, reporting routine transactions by a company executive. There is no indication of positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and personal financial planning.
Key Dates
| Date | Description |
|---|---|
| 08/29/2024 | Date of charitable gift of 22,000 shares of common stock. |
| 08/30/2024 | Date of signature on the Form 4 filing. |
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