Alastair M. Borthwick, Chief Financial Officer of Bank of America (BAC), has demonstrated a consistent pattern of selling activity in the company’s stock, with no recorded purchases across 47 transactions. Since February 2025, Borthwick has executed multiple sales totaling approximately $16.8 million, with the most recent transactions occurring in early 2026. On February 27, 2026, he sold shares worth $3.42 million, followed by another sale of $2.18 million on March 1, 2026. These disposals align with a broader trend of periodic divestments, including multiple sales in mid-February 2025 and 2026, where individual transactions ranged from $376,000 to $760,000.
The filings indicate that Borthwick’s sales are primarily executed under transaction codes "F" (sale following vesting of restricted stock) and "S" (open-market sale), with no corresponding buy activity. The absence of acquisitions suggests a one-way liquidity strategy, though the reasons remain undisclosed. Notably, all transactions involve BAC, reflecting his concentrated holdings in the financial institution. While the sales are substantial, they appear methodical rather than abrupt, with no single transaction dominating the overall pattern. The timing of certain disposals—such as those clustered around mid-February—may coincide with vesting schedules or tax planning, though the filings provide no explicit rationale. The data underscores a clear divestment trend without signaling broader implications for the company’s outlook.
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