Eric A. Schimpf, President of Merrill Wealth Management, has demonstrated a consistent pattern of selling Bank of America (BAC) stock over the past two years, with no recorded purchases in the same period. According to SEC Form 4 filings, Schimpf executed 32 transactions totaling $1.76 million in sales, all involving BAC shares. The most notable activity occurred on February 15, 2025, when he sold shares worth $219,725, $142,993, $244,19, $52,078, $399,582, $101,245, and $160,978—a single-day aggregate of over $1.3 million. Smaller but recurring sales took place on August 15, 2025 ($24,455) and November 15, 2025 ($27,567), as well as earlier transactions on February 15, 2024, totaling $102,959, $17,546, and $37,477.
The filings indicate Schimpf’s transactions are exclusively tied to BAC, with no diversification into other securities. The sales appear systematic, often clustered around mid-February and mid-November, suggesting potential pre-planned dispositions, such as scheduled stock option exercises or vesting events. While the dollar values vary—ranging from five-figure to high-six-figure transactions—the absence of any buys points to a net reduction in his BAC holdings. The consistency of these sales, particularly the concentrated activity in early 2025, underscores a clear divestment trend without counterbalancing acquisitions.
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