Form 4: Director Monica Lozano Increases BAC Phantom Stock Holdings

Bank of America director Monica C. Lozano acquired 5,365.01 phantom stock units as part of her annual director compensation.

Summary

• Director Monica C. Lozano acquired 5,365.01 phantom stock units on May 4, 2026.
• The units were issued under the Bank of America Corporation Director Deferral Plan as compensation for board services.
• Each phantom stock unit is the economic equivalent of one share of Bank of America common stock.
• Following this transaction, the director holds a total of 246,347.52 phantom stock units.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral, routine administrative filing regarding director compensation that carries no material impact on the company's financial outlook.

Positives

• Demonstrates alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Phantom stock units are subject to the market performance of Bank of America common stock.
• Settlement of units is deferred until death or termination of service as a director.

Future Outlook

The filing does not provide forward-looking financial guidance, as it is a routine disclosure of director compensation.

Industry Context

StockSavvy.ai notes that this is a standard regulatory disclosure for executive and director compensation within the banking sector, reflecting routine governance practices rather than a strategic shift.

Comparison to Industry Standards

• The use of deferred compensation plans for directors is a standard practice among large-cap financial institutions like JPMorgan Chase and Citigroup to ensure long-term alignment.
• The structure of phantom stock units is consistent with industry-wide executive compensation policies.

Stakeholder Impact

• Minimal impact on shareholders as this represents standard director compensation.

Next Steps

• No future actions or milestones were disclosed in this filing.

Key Dates

Keywords

Bank of America, BAC, Director Compensation, Insider Transaction, Phantom Stock, Monica Lozano