Executive VP at Bank of Marin Bancorp (BMRC) exercises options for 1,200 shares
Rhea-AI Filing Summary
Bank of Marin Bancorp Executive Vice President Robert Gotelli increased his ownership through an option exercise. On February 27, 2026, he exercised stock options for 1,200 shares of common stock at $24.83 per share, converting derivative securities into directly held stock.
Following this transaction, his directly owned common stock position rose to 33,971 shares. The filing also shows indirect ownership of 17,151.0485 shares of common stock held by an ESOP, reflecting shares associated with his employment-related plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,200 shares exercised/converted
Mixed
11 txns
Insider
Gotelli Robert
Role
EXECUTIVE VICE PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) | 1,200 | $0.00 | -- |
| Exercise | Common Stock | 1,200 | $24.83 | $30K |
| 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:
Stock Options (Right to Buy) — 1,200 shares (Direct);
Common Stock — 33,971 shares (Direct);
Common Stock — 17,151.049 shares (Indirect, By ESOP)
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BMRC executive Robert Gotelli report?
Robert Gotelli reported exercising stock options to acquire 1,200 Bank of Marin Bancorp common shares. The options were converted into directly owned stock, increasing his direct equity stake in the company as reflected in the updated share balances after the transaction.
At what price did Robert Gotelli acquire BMRC common stock through options?
He acquired 1,200 BMRC common shares at $24.83 per share through an option exercise. This reflects the option exercise price specified in the filing, converting derivative securities into directly held common stock on the stated transaction date.
What does transaction code M mean in the BMRC Form 4 for Robert Gotelli?
Transaction code M in the BMRC Form 4 indicates an exercise or conversion of a derivative security. In this case, stock options were exercised to acquire 1,200 common shares, converting options into directly owned Bank of Marin Bancorp stock for the executive.
What role does Robert Gotelli hold at Bank of Marin Bancorp?
Robert Gotelli is an Executive Vice President at Bank of Marin Bancorp. His Form 4 filing reflects equity-related compensation activity, specifically the exercise of stock options that increased his direct ownership of the company’s common shares on the reported date.