Bank of America Corp. reported an insider ownership change for Chairman and Chief Executive Officer Brian T. Moynihan tied to the scheduled vesting of cash-settled stock units on July 15, 2026. The filing reports a transaction involving 18,083 Bank of America common-stock-equivalent units at a value of $61.59 per share. The units are described as the economic equivalent of one share of Bank of America common stock, but the explanatory note says they vest and are payable solely in cash. That means the event reflects compensation settlement based on Bank of America’s share price, rather than a conventional open-market stock sale or purchase. The units stem from a February 13, 2026 grant to Moynihan. Under the award terms, one-twelfth of the stock units vest and become payable on the 15th day of each month over a 12-month period running from March 2026 through February 2027. The July 15 transaction therefore represents one monthly tranche under that schedule. The filing text does not specify a transaction code in the excerpt provided. The report also references Moynihan’s Bank of America common stock ownership, including 2,717,695 shares at the same indicated value of $61.59 per share. In addition, it notes that share equivalents attributed to his 401(k) balance increased by 9.513 shares because of dividend reinvestments and changes in the net asset value of the company’s stock fund. The Form 4 was signed on Moynihan’s behalf by Edward Kim under power of attorney on July 17, 2026. Overall, the filing primarily reflects a routine executive-compensation vesting event and related retirement-plan share-equivalent adjustment, rather than a discretionary insider trade in the open market.