Bank of Marin Bancorp (BMRC) director reports option expirations and holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bank of Marin Bancorp director Russell A. Colombo reported the expiration of several stock option awards. Options for 8,400 shares of common stock at an exercise price of $22.94 per share expired unexercised on April 1, 2024. Additional options for 14,340 shares at $25.38 per share expired unexercised on March 2, 2025, and options for 14,820 shares at $24.83 per share expired unexercised on March 1, 2026. Footnotes state these options had fully vested years earlier and that the related Form 4 reports were filed late due to an administrative oversight.
Colombo continues to hold common stock indirectly through an IRA with 13,692 shares and as trustee of the Colombo Family Trust with 43,560 shares, along with 2,551 shares held directly. He also retains multiple stock option positions covering 4,723, 7,430, 10,030, 11,540, 5,420 and 10,360 underlying shares at exercise prices between $33.58 and $44.45 per share, with expiration dates from March 1, 2027 through March 1, 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Colombo Russell A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| H | Stock Options (Right to Buy) | 14,820 | $0.00 | -- |
| H | Stock Options (Right to Buy) | 14,340 | $0.00 | -- |
| H | Stock Options (Right to Buy) | 8,400 | $0.00 | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 shares (Direct, null);
Common Stock — 43,560 shares (Indirect, As Trustee of Colombo Family Trust);
Common Stock — 2,551 shares (Direct, null)
Footnotes (1)
- The stock option was granted on April 1, 2014 and vested in equal annual installments over five years, becoming fully exercisable on April 1, 2019. The option expired unexercised on April 1, 2024. This Form 4 is being filed late due to an administrative oversight. Exercisable 20% per year beginning on first anniversary date of grant. The stock option was granted on March 2, 2015 and vested in equal annual installments over three years, becoming fully exercisable on March 2, 2018. The option expired unexercised on March 2, 2025. This Form 4 is being filed late due to an administrative oversight. Exercisable 33% per year beginning on first anniversary date of grant. The stock option was granted on March 1, 2016 and vested in equal annual installments over three years, becoming fully exercisable on March 1, 2019. The option expired unexercised on March 1, 2026. This Form 4 is being filed late due to an administrative oversight. Exercisable 33% per year beginning on first anniversary date of grant.
Key Figures
Expired options: 8,400 shares at $22.94
Expired options: 14,340 shares at $25.38
Expired options: 14,820 shares at $24.83
+5 more
8 metrics
Expired options
8,400 shares at $22.94
Stock options expired unexercised on April 1, 2024
Expired options
14,340 shares at $25.38
Stock options expired unexercised on March 2, 2025
Expired options
14,820 shares at $24.83
Stock options expired unexercised on March 1, 2026
IRA holdings
13,692 shares
Common stock held indirectly by IRA as of April 1, 2024
Family trust holdings
43,560 shares
Common stock held indirectly as trustee of Colombo Family Trust
Direct common stock
2,551 shares
Common stock held directly as of April 1, 2024
Outstanding options
4,723 shares at $38.25
Stock options expiring March 1, 2031
Outstanding options
10,360 shares at $34.80
Stock options expiring March 1, 2027
Key Terms
Stock Options (Right to Buy), derivative expiration/cancellation, administrative oversight, IRA, +2 more
6 terms
Stock Options (Right to Buy) financial
"security_title: Stock Options (Right to Buy)"
derivative expiration/cancellation financial
"transaction_action: derivative expiration/cancellation"
administrative oversight regulatory
"This Form 4 is being filed late due to an administrative oversight."
IRA financial
"nature_of_ownership: By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
trustee financial
"nature_of_ownership: As Trustee of Colombo Family Trust"
A trustee is a person or institution legally appointed to hold and manage assets or enforce an agreement on behalf of other people (beneficiaries). Think of a trustee as a neutral referee or custodian who must act in the beneficiaries’ best interests, follow the trust or contract rules, and handle distributions, recordkeeping and enforcement. Investors care because a trustworthy trustee protects their rights, ensures promised payments or remedies are delivered, and can influence recoveries if things go wrong.
vested in equal annual installments financial
"The stock option was granted ... and vested in equal annual installments over five years"
FAQ
What insider activity did BMRC director Russell A. Colombo report?
Russell A. Colombo reported stock option expirations, not open-market trades. Options covering 8,400, 14,340 and 14,820 Bank of Marin Bancorp shares expired unexercised on April 1, 2024, March 2, 2025 and March 1, 2026, after having fully vested in prior years.
Were the BMRC stock options exercised before they expired?
The filing shows the options expired unexercised. Awards for 8,400 shares at $22.94, 14,340 shares at $25.38 and 14,820 shares at $24.83 per share all reached their stated expiration dates without being exercised into Bank of Marin Bancorp common stock.
Why was the BMRC Form 4 for Russell A. Colombo filed late?
Footnotes state the Form 4 reports were filed late due to an administrative oversight. This explanation is given for the option grants that expired on April 1, 2024, March 2, 2025 and March 1, 2026, indicating the delay related to internal administrative processing rather than the underlying option terms.
What BMRC stock options does Russell A. Colombo still have outstanding?
He retains several stock option grants on Bank of Marin Bancorp common stock, including 4,723 shares at $38.25 expiring March 1, 2031 and additional grants of 7,430, 10,030, 11,540, 5,420 and 10,360 underlying shares with exercise prices from $33.58 to $44.45 expiring between 2027 and 2030.
Does the BMRC Form 4 show any buying or selling of common stock?
The Form 4 focuses on option expirations and current holdings rather than open-market trades. It does not list purchases or sales of Bank of Marin Bancorp common stock, instead updating share counts held directly, via an IRA and through the Colombo Family Trust.