Bank of Marin CEO forfeits 10,755 performance shares
Bank of Marin Bancorp President & CEO Timothy D. Myers reported an administrative equity change rather than a market trade.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Bank of Marin Bancorp President & CEO Timothy D. Myers reported an administrative equity change rather than a market trade. On 2026-03-25, he had 10,755 shares of Common Stock forfeited and cancelled for no consideration when 2023 performance-based restricted share goals were not achieved, resulting in a 0% payout. Following this forfeiture, he directly held 124,173.3268 shares of Common Stock. He also continues to hold multiple stock option awards with exercise prices between $22.94 and $44.45 per share, expiring between 2024 and 2032, which together represent a further equity stake tied to future company performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 10,755 | $0.00 | $0.00 |
| 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 | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Represents forfeiture and cancellation of performance-based restricted shares granted in 2023 that were issued at grant and subject to three-year cliff vesting. Performance goals were not achieved, resulting in a 0% payout and forfeiture of all shares for no consideration.
- F2. Exercisable 20% per year beginning on first anniversary date of grant.
- F3. Exercisable 33% per year beginning on first anniversary date of grant.
- F4. 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 transaction did Bank of Marin Bancorp (BMRC) report for its CEO?
Does the BMRC CEO still hold stock options after this Form 4 event?
AI-generated analysis. How Rhea-AI works. Not financial advice.
