Bank of America Director James R. Fitterling Receives Phantom Stock Compensation

Transaction Overview

On October 23, 2026, Bank of America Corporation ($BAC) filed a Form 4 disclosing that Director James R. Fitterling received an award of 2,930.68 phantom stock units on October 21, 2026.

Details of the Award

• Security: Phantom Stock (each unit is the economic equivalent of one share of common stock)
• Transaction Code: A (Grant, award, or other acquisition under Rule 16b-3)
• Units Acquired: 2,930.68
• Transaction Price: $0 / Compensation grant
• Post-Transaction Holdings: 2,930.68 phantom stock units
• Nature of Holding: Direct

Context and Footnotes

According to Footnote (2), the acquired phantom stock units represent a prorated payment of annual compensation for service as a director under the Bank of America Corporation Director Deferral Plan. The units may be settled in cash upon death or termination of service as a director.

Market and Trading Impact

This transaction reflects routine, non-discretionary equity-based director compensation rather than an open-market transaction. Because it does not represent an active buying or selling decision in the open market, its predictive value for stock performance is considered Low.