Bank of Marin (BMRC) director receives shares as trustee fee payment
Rhea-AI Filing Summary
Bank of Marin Bancorp director receives stock as compensation. Director Charles D. Fite, acting as trustee of the C.D. Fite Trust, reported an "other" transaction involving 849 shares of Bank of Marin Bancorp common stock, received as payment of a director fee.
These shares are held indirectly through the trust, and total indirect holdings after the transaction are 116,333 common shares. The transaction is classified as a non-derivative restructuring event rather than an open-market buy or sell.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 849 shares
Net Buy
1 txn
Insider
FITE CHARLES D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 849 | $28.94 | $25K |
Holdings After Transaction:
Common Stock — 116,333 shares (Indirect, As Trustee of the C.D. Fite Trust)
Footnotes (1)
- F1. Shares received in payment of Director fee
Key Figures
Shares received as director fee: 849 shares
Reported transaction price: $28.94 per share
Indirect holdings after transaction: 116,333 shares
+1 more
4 metrics
Shares received as director fee
849 shares
Common Stock, transaction coded J
Reported transaction price
$28.94 per share
Common Stock director fee payment
Indirect holdings after transaction
116,333 shares
Common Stock held via C.D. Fite Trust
Restructuring shares
849 shares
J-code other acquisition or disposition
Key Terms
Form 4, Common Stock, indirect ownership, trustee, +1 more
5 terms
Form 4 regulatory
"Bank of Marin Bancorp director Charles D. Fite reported this on a Form 4 insider filing."
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.
Common Stock financial
"The transaction involved 849 shares of Bank of Marin Bancorp 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.
indirect ownership financial
"These shares are held indirectly through the C.D. Fite Trust."
trustee financial
"Charles D. Fite acts as trustee of the C.D. Fite 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.
Director fee financial
"Shares were received in payment of a director fee according to the footnote."
AI-generated analysis. How Rhea-AI works. Not financial advice.