Form 4: Director Sharon Allen Acquires BAC Phantom Stock Units

Bank of America Director Sharon L. Allen acquired 5,365.01 phantom stock units as part of annual director compensation.

Summary

• Director Sharon L. Allen received 5,365.01 phantom stock units on May 4, 2026.
• The units were issued as part of annual compensation for services as a director under the Bank of America Corporation Director Deferral Plan.
• Each phantom stock unit is the economic equivalent of one share of Bank of America common stock.
• The total beneficial ownership following this transaction is 45,355.49 phantom stock units and 99,927 shares of common stock.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation with no material impact on company operations or financial outlook.

Positives

• Director compensation is aligned with shareholder interests through the acquisition of equity-linked instruments.

Negatives

• None.

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 for the company.

Industry Context

StockSavvy.ai notes that director compensation via deferred stock units is a standard corporate governance practice in the banking sector to ensure long-term alignment between board members and shareholders.

Comparison to Industry Standards

• The use of Director Deferral Plans is consistent with compensation structures at major financial institutions like JPMorgan Chase and Citigroup.

Stakeholder Impact

• Neutral impact on shareholders as this is a standard compensation disclosure.

Next Steps

• No future actions required by the reporting person.

Key Dates

Keywords

Bank of America, BAC, Director Compensation, Phantom Stock, Insider Transaction, SEC Form 4