Bank of Marin Bancorp (BMRC) EVP receives 4,701-share stock grant and updates options
Rhea-AI Filing Summary
Gotelli Robert reported acquisition or exercise transactions in this Form 4 filing.
Bank of Marin Bancorp executive Robert Gotelli received a grant of 4,701 shares of common stock on March 2, 2026. The award was recorded at a price of $0.00 per share, reflecting a stock-based compensation grant rather than an open-market purchase.
After this grant, Gotelli directly owned 38,672 shares of common stock. He also held several blocks of stock options, each described as a right to buy shares, with post-transaction holdings such as 2,400 options and other smaller option positions that vest over time per the stated schedules.
In addition, there was an indirect holding of 17,151.0485 shares of common stock listed as owned "By ESOP," indicating participation through an employee stock ownership plan. Footnotes explain that certain options become exercisable in stages, typically 33% per year starting on the first anniversary of the grant, with one footnote noting that 33% is exercisable immediately and the remainder vests annually thereafter.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,701 | $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 | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Exercisable 33% per year beginning on first anniversary date of grant. Exercisable 33% immediately, then 33% per year beginning on first anniversary date of grant.
