Bank of America Co-President Dean C. Athanasia exercised 107,411 2023 Performance Restricted Stock Units, which were earned at 100% of target based on three-year performance goals. To cover tax withholding, 52,137 common shares were delivered back to the company at $49.83 per share, leaving him with 695,099 directly owned common shares. The units, granted in February 2023, settled on March 1, 2026, with no units remaining outstanding.
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Bank of America (BAC) co-president settles 2023 performance stock units
Bank of America Co-President Dean C. Athanasia exercised 107,411 2023 Performance Restricted Stock Units, which were earned at 100% of target based on three-year performance goals. To cover tax withholding, 52,137 common shares were delivered back to the company at $49.83 per share, leaving him with 695,099 directly owned common shares. The units, granted in February 2023, settled on March 1, 2026, with no units remaining outstanding.