Bank of America Chair & CEO Brian Moynihan Settles 18,082 Cash-Settled RSUs

Insider Filing Analysis: Bank of America Corp (NYSE: BAC)

Overview

On September 17, 2026, Bank of America Corporation filed a Form 4 for Chair and CEO Brian T. Moynihan reporting transactions executed on September 15, 2026.

Transaction Details

• Security: Common Stock / 2026 Cash Settled Restricted Stock Units (RSUs)
• Transaction Code: M (Exercise/Conversion) & D (Disposition to issuer for cash settlement)
• Shares Settled: 18,082 shares
• Price per Share: $59.52
• Gross Value: $1,076,240.64
• Direct Ownership Following Transaction: 2,699,612 shares
• Indirect Holdings: 3,623.132 shares via 401(k) Plan and 100,000 shares held By Trust
• Derivative Units Remaining: 90,415 cash-settled RSUs

Nature and Significance

• Routine Vesting: The reported disposition reflects the monthly vesting and cash settlement of 1/12th of an RSU grant awarded on February 13, 2026. The units vest and are payable solely in cash on the 15th of each month through February 2027.
• Significance Rating: Low. Because this transaction represents a pre-scheduled, formulaic settlement of cash-settled equity awards rather than an open-market discretionary sale, it does not signal a shift in executive sentiment regarding the company's outlook.