COO Thomas M Scrivener sold 50,000 BAC shares at $49.82; stock now $48.64, down 12.2% in 30 days
Thomas M Scrivener, Chief Operations Executive, sold 50,000 shares (50.0K shares) on 2026-03-05 at $49.82, reducing his holdings by 50,000 shares from 277,973 to 227,973 shares post-transaction. The sale occurred near recent price levels—the stock is currently $48.64, marginally below the transaction price, and has declined 12.2% over the past 30 days and 9.8% over 90 days. Bank of America remains well-capitalized with $28.1B in latest-quarter revenue, $8.5B net income, and a P/E of 10.57, providing no obvious fundamental distress signal. The sale represents a 18.0% reduction in his prior holdings, a material but not complete liquidation, and occurs without additional context flags to suggest timing or scheduling constraints.