Bank of Marin (NASDAQ: BMRC) CEO logs stock grant and tax-related share disposals
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bank of Marin Bancorp President & CEO Timothy D. Myers reported equity compensation and related tax transactions in company stock. On March 2, he received a grant of 37,403 shares of common stock at no cost, increasing his direct holdings to 137,662.3268 shares. To cover tax obligations, he disposed of 1,697 shares at $25.06 on March 2 and 1,037 shares at $25.03 on March 3 through share withholding, leaving 134,928.3268 shares held directly. He also reports 14,786.186 shares of common stock held indirectly through an ESOP and several stock option positions with staged vesting based on annual exercisability schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Myers Timothy D
Role
PRESIDENT & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 1,037 | $25.03 | $26K |
| Grant/Award | Common Stock | 37,403 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,697 | $25.06 | $43K |
| 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 134,928.327 shares (Direct);
Stock Options (Right to Buy) — 3,720 shares (Direct);
Common Stock — 14,786.186 shares (Indirect, By ESOP)
Footnotes (1)
- Exercisable 33% per year beginning on first anniversary date of grant. Exercisable 33% immediately, then 33% per year on first anniversary date of grant.
FAQ
What insider transactions did BMRC CEO Timothy D. Myers report?
Timothy D. Myers reported a stock grant and related tax-withholding dispositions. He received 37,403 Bank of Marin Bancorp common shares as an award, then disposed of small share amounts to satisfy tax liabilities, as reflected in the Form 4 transactions.
What stock option positions are disclosed for the BMRC CEO in this Form 4?
The Form 4 lists multiple stock option holdings described as rights to buy Bank of Marin Bancorp shares. Footnotes state these options typically become exercisable in 33% annual increments, beginning either immediately or on the first anniversary of the grant date.
Does this Bank of Marin Bancorp Form 4 indicate a change in control or large insider sale?
The Form 4 reflects a stock grant and tax-withholding dispositions, not a large discretionary sale or change in control. The CEO’s overall ownership position increases due to the grant, with only relatively small share amounts used to satisfy tax obligations.