0001127602-21-009120.txt : 20210303
0001127602-21-009120.hdr.sgml : 20210303
20210303161957
ACCESSION NUMBER: 0001127602-21-009120
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210301
FILED AS OF DATE: 20210303
DATE AS OF CHANGE: 20210303
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Montag Thomas K.
CENTRAL INDEX KEY: 0001442039
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-06523
FILM NUMBER: 21709220
MAIL ADDRESS:
STREET 1: C/O MERRILL LYNCH & CO., INC.
STREET 2: 4 WORLD FINANCIAL CENTER
CITY: NEW YORK
STATE: NY
ZIP: 10038
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: BANK OF AMERICA CORP /DE/
CENTRAL INDEX KEY: 0000070858
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 560906609
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: BANK OF AMERICA CORPORATE CENTER
STREET 2: 100 N TRYON ST
CITY: CHARLOTTE
STATE: NC
ZIP: 28255
BUSINESS PHONE: 7043868486
MAIL ADDRESS:
STREET 1: BANK OF AMERICA CORPORATE CENTER
STREET 2: 100 N TRYON ST
CITY: CHARLOTTE
STATE: NC
ZIP: 28255
FORMER COMPANY:
FORMER CONFORMED NAME: BANKAMERICA CORP/DE/
DATE OF NAME CHANGE: 19981022
FORMER COMPANY:
FORMER CONFORMED NAME: NATIONSBANK CORP
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: NCNB CORP
DATE OF NAME CHANGE: 19920107
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2021-03-01
0000070858
BANK OF AMERICA CORP /DE/
BAC
0001442039
Montag Thomas K.
100 NORTH TRYON STREET
CHARLOTTE
NC
28255
1
Chief Operating Officer
Common Stock
2021-03-01
4
M
0
55238
A
2450222
D
Common Stock
2021-03-01
4
F
0
29398
35.79
D
2420824
D
Common Stock
2021-03-01
4
M
0
171112
A
2591936
D
Common Stock
2021-03-01
4
F
0
91066
35.79
D
2500870
D
Common Stock
812061
I
Family Trust
2016 Performance Restricted Stock Units
2021-03-01
4
M
0
55238
D
Common Stock
55238
0
D
2018 Performance Restricted Stock Units
2021-03-01
4
M
0
171112
D
Common Stock
171112
0
D
Each unit represents a contingent right to receive one share of Bank of America Corporation common stock.
Disposition of shares to the issuer to satisfy a tax withholding obligation.
On February 12, 2016, the reporting person was granted units subject to the Company's attainment of performance goals. One-half of the units reported had performance goals based on the Company's three-year average return on assets and one-half of the units reported had performance goals based on the Company's three-year average growth in adjusted tangible book value, both beginning on January 1, 2016 and ending December 31, 2018. For the performance period, an amount equaling 116% of the target was earned. Of the 116% earned, 100% was settled in shares on March 1, 2019. The amount earned exceeding 100% resulted in an additional 55,238 units which were settled in shares on March 1, 2021.
On February 15, 2018, 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, 2018 and ending December 31, 2020. For the performance period, an amount equaling 100% of the target was earned. Of the 100% earned, 100% was settled in shares on March 1, 2021.
Thomas K. Montag / Michael P. Lapp POA
2021-03-03