medium
Sell
68,000 shares
$3,416,320
Significance
5/10
BAC CFO Alastair Borthwick sold 68,000 shares at $50.24 for $3.4M; holds 363,201 shares post-sale
Alastair Borthwick, Executive Vice President & CFO of Bank of America, sold 68,000 shares at $50.24 on 2026-02-27, reducing his holdings by 15.8% from 431,201 to 363,201 shares and generating $3.4M in proceeds. The stock has declined 12.7% from its 52-week high of $57.25 and is down 6.1% over the past 30 days. Bank of America reported strong fundamentals with $28.1B in quarterly revenue, $8.5B in net income, and 11.0% annual revenue growth, trading at a P/E of 10.86. This transaction represents a meaningful reduction in the CFO's personal stake during a period of recent stock weakness.