Bank of America Chief Accounting Officer Reports Preferred Stock Redemption
BANK OF AMERICA CORP /DE/
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Filing Summary
📢 Bank of America Corp ($BAC) Form 4 Filing Insider: Okpara Johnbull (Chief Accounting Officer) Type: Preferred Stock Redemption (Code J) Security: Preferred Stock, Series DD Shares: 50 @ $1,000.00 Total Value: $50,000 Significance: Low (Corporate-wide redemption of series DD preferred stock)
Comprehensive Analysis
Summary of Insider Transaction
- Insider: Okpara Johnbull, Chief Accounting Officer of Bank of America Corp ($BAC)
- Transaction Date: March 10, 2026
- Filing Date: September 4, 2026
- Security: Preferred Stock, Series DD (Depositary Shares)
- Transaction Nature: Disposition via issuer redemption (Transaction Code
J) - Volume & Price: 50 depositary shares at $1,000.00 per share, totaling $50,000.00.
- Post-Transaction Holdings: 0 Series DD Preferred shares; direct ownership of 27,749 shares of Common Stock.
Analysis & Market Context
This transaction reflects the issuer's mandatory call and redemption of all outstanding Series DD Preferred Stock at the fixed redemption price of $1,000.00 per depositary share. Because this disposition was part of a company-wide capital redemption rather than a discretionary market sale by the insider, it carries low predictive signal for equity investors.
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