Bank of America Director Receives Equity Award and Withholds Shares for Taxes
BANK OF AMERICA CORP /DE/
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Filing Summary
Bank of America Corp ($BAC) - Form 4 Filing Insider: William B. Thomas (Director) Date: 2026-10-21 Transaction: Received 2,930 shares as director compensation (Code A, $0.00); 1,170 shares withheld for taxes (Code F, $50.78 / share, ~$59,413). Net Change: +1,760 shares Post-Transaction Holdings: 1,760 direct shares (plus 6,000 indirect shares via 2370985 Ontario Inc) Significance: Low (Routine director equity grant and tax withholding)
Comprehensive Analysis
Executive Summary
On October 21, 2026, William B. Thomas, a Director of Bank of America Corp ($BAC), received an award of 2,930 shares of Common Stock as prorated annual compensation under the Bank of America Corporation Equity Plan. To satisfy associated tax withholding obligations, 1,170 shares were surrendered to the issuer at a price of $50.78 per share ($59,412.60 total value withheld). Following these transactions, Mr. Thomas holds 1,760 shares directly and 6,000 shares indirectly through 2370985 Ontario Inc.
Transaction Breakdown
- Stock Award (Code A): 2,930 shares acquired at $0.00 pursuant to director compensation.
- Tax Withholding (Code F): 1,170 shares disposed of at $50.78 per share to cover tax obligations.
- Net Direct Shares Added: 1,760 shares.
- Indirect Holdings: 6,000 shares held via 2370985 Ontario Inc.
Market & Trading Significance
This filing carries Low trading significance. It reflects standard board of director equity compensation and an automatic tax-withholding disposition, rather than discretionary open-market buying or selling.
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