Bank of Marin Bancorp (BMRC) director paid board fee in stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bank of Marin Bancorp director Joel Sklar reported a routine equity compensation transaction. A trust associated with Sklar received 849 shares of Common Stock as payment of a director fee, valued at $28.94 per share. Following this non-market transaction, the trust’s indirect holdings total 126,418.4596 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sklar Joel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 849 | $28.94 | $25K |
Holdings After Transaction:
Common Stock — 126,418.46 shares (Indirect, By Trust)
Footnotes (1)
- [object Object]
Key Figures
Director fee shares: 849 shares
Implied share value: $28.94 per share
Post-transaction indirect holdings: 126,418.4596 shares
3 metrics
Director fee shares
849 shares
Common Stock received as director fee
Implied share value
$28.94 per share
Valuation used for director fee shares
Post-transaction indirect holdings
126,418.4596 shares
Common Stock held indirectly by trust after transaction
Key Terms
Common Stock, Director fee, By Trust, Form 4, +1 more
5 terms
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Director fee financial
"Shares received in payment of Director fee"
By Trust financial
"nature_of_ownership: "By Trust""
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Other acquisition or disposition financial
"transaction_code_description: "Other acquisition or disposition""
FAQ
What insider transaction did Bank of Marin Bancorp (BMRC) director Joel Sklar report?
Director Joel Sklar reported receiving 849 Bank of Marin Bancorp common shares as payment of a director fee. The shares were credited to a trust, reflecting routine equity-based compensation rather than an open-market purchase or sale.
How is Joel Sklar’s ownership in BMRC characterized in this Form 4 filing?
The 849 shares are reported as indirectly owned “By Trust.” This means the shares are held through a trust associated with Joel Sklar, rather than in his direct personal name, consistent with the filing’s indirect ownership code.