BMRC CEO reports stock grant, tax share dispositions
Bank of Marin Bancorp President & CEO Timothy D. Myers reported equity compensation and related tax transactions in company stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,037 | $25.03 | $26K |
| Grant/Award | Common Stock | 37,403 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | 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 | -- | -- | -- |
Footnotes (2)
- F1. Exercisable 33% per year beginning on first anniversary date of grant.
- F2. Exercisable 33% immediately, then 33% per year on first anniversary date of grant.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did BMRC CEO Timothy D. Myers report?
What stock option positions are disclosed for the BMRC CEO in this Form 4?
Does this Bank of Marin Bancorp Form 4 indicate a change in control or large insider sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.