Form 4: Monica C. Lozano Reports Changes in Beneficial Ownership of Bank of America Corp Stock

Monica C. Lozano, a director of Bank of America Corp, reports acquisition of phantom stock units and indirect ownership of common stock through a trust.

Summary

• Monica C. Lozano, a director of Bank of America Corp, filed a Form 4 on April 24, 2025, reporting changes in beneficial ownership.
• The report indicates the acquisition of phantom stock units representing annual compensation for services as a director under the Bank of America Corporation Director Deferral Plan.
• Lozano acquired 7,306.89 phantom stock units on April 22, 2025, at a price of $0 per unit.
• These phantom stock units may be settled in cash upon death or termination of service as a director.
• The report also includes 5579.80 phantom stock units acquired in dividend reinvestment transactions under the Bank of America Corporation Director Deferral Plan.
• Lozano indirectly owns 3,000 shares of Bank of America common stock through a trust.
• Following the reported transactions, Lozano beneficially owns 235,793.65 derivative securities.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard director compensation and investment practices. There are no indications of negative events or concerns.

Positives

• The acquisition of phantom stock units reflects continued participation in the Bank of America Corporation Director Deferral Plan.
• Dividend reinvestment further increases Lozano's holdings of phantom stock units.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their beneficial ownership of company stock, ensuring transparency and compliance with SEC regulations.

Comparison to Industry Standards

• Director compensation packages often include stock or stock-based awards like phantom stock units to align the interests of directors with those of shareholders.
• Dividend reinvestment programs are common for directors and employees to increase their ownership stake in the company over time.
• Comparing Lozano's holdings and transactions to those of other Bank of America directors and executives would provide further context on the scale and nature of her compensation and investment in the company.

Stakeholder Impact

• The filing provides transparency to shareholders regarding director compensation and ownership.
• It assures stakeholders that directors have a vested interest in the company's performance.

Key Dates

Keywords

Form 4, beneficial ownership, director compensation, phantom stock units, dividend reinvestment, Bank of America Corp, BAC, Monica C. Lozano