Summary by Moomoo AI
On August 15, 2024, Eric A. Schimpf, President of Merrill Wealth Management at Bank of America Corp (BAC), completed a stock transaction involving the sale of 518 shares of common stock at a price of $39.03 per share. The transaction resulted in a total market value of $20,217.54. Following this transaction, Schimpf directly holds 27,561 shares of Bank of America. Additionally, there are 1,976 shares held indirectly, with 988 shares each held by a child and under UTMA (Uniform Transfers to Minors Act). The sale is part of a completed transaction that also included the acquisition of 1,235 shares through the exercise or conversion of derivative securities on the same date.