March 1, 2026 · Form 4 insider transaction
Mensah Bernard A sold 17,521 shares of Bank of America Corporation, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 2 days after the transaction.
Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.; On February 15, 2023, the reporting person was granted units, subject to the Company's attainment of performance goals. One-half of the units have performance goals based on the Company's three year average return on assets and one-half of the units have performance goals based on the Company's three year average growth in adjusted tangible book value, both beginning on January 1, 2023 and ending December 31, 2025. For the performance period, an amount equaling 100% of the target was earned. All units earned will be settled in shares and vest in five equal annual installments commencing on March 1, 2026. The net amount of each installment after any applicable tax withholding is subject to an additional twelve-month holding period after vesting.