Director at Bank of Marin Bancorp (BMRC) receives stock as board fee
Rhea-AI Filing Summary
Bank of Marin Bancorp director Gencer Cigdem received common stock as compensation. On July 1, 2026, Cigdem was issued 849 shares of Bank of Marin Bancorp common stock at $28.94 per share as payment of a director fee. Following this transaction, Cigdem directly holds 5,671 common shares of the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gencer Cigdem
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 849 | $28.94 | $25K |
Holdings After Transaction:
Common Stock — 5,671 shares (Direct)
Footnotes (1)
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Key Figures
Shares received: 849 shares
Implied share value: $28.94 per share
Shares held after transaction: 5,671 shares
3 metrics
Shares received
849 shares
Common stock received as director fee on July 1, 2026
Implied share value
$28.94 per share
Value used for director fee share payment
Shares held after transaction
5,671 shares
Direct holdings of Gencer Cigdem following the Form 4 transaction
Key Terms
Form 4, Other acquisition or disposition, Director fee
3 terms
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 regulatory
""transaction_code_description": "Other acquisition or disposition""
Director fee financial
"Shares received in payment of Director fee"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Bank of Marin Bancorp (BMRC) report for Gencer Cigdem?
Bank of Marin Bancorp reported that director Gencer Cigdem received 849 common shares as payment of a director fee. This was recorded as an “other” transaction on a Form 4, not an open-market purchase or sale.
What are Gencer Cigdem’s Bank of Marin Bancorp holdings after this Form 4 transaction?
After the reported transaction, Gencer Cigdem directly holds 5,671 shares of Bank of Marin Bancorp common stock. This figure reflects holdings following receipt of the 849-share director fee payment disclosed in the Form 4.
Was the Bank of Marin Bancorp Form 4 a buy or sell by Gencer Cigdem?
The Form 4 does not show an open-market buy or sell. It records an “other acquisition or disposition” (code J), specifically shares received as payment of a director fee, rather than a discretionary trade.
How is the director fee described in the Bank of Marin Bancorp Form 4 footnote?
A footnote explains the 849-share transaction as “Shares received in payment of Director fee.” This clarifies the event is routine equity compensation for board service, not a separate cash-fee arrangement or market trade.