Bank of Marin EVP forfeits 2,212 restricted shares
Bank of Marin Bancorp executive vice president Robert Gotelli reported the forfeiture and cancellation of 2,212 shares of Common Stock on March 25, 2026.
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Rhea-AI Filing Summary
Bank of Marin Bancorp executive vice president Robert Gotelli reported the forfeiture and cancellation of 2,212 shares of Common Stock on March 25, 2026. These were performance-based restricted shares granted in 2023 with three-year cliff vesting; performance goals were not achieved, resulting in a 0% payout and forfeiture for no consideration.
Following this, Gotelli directly holds 36,460 Common shares, plus 17,151.0485 shares held indirectly through an ESOP. He also retains multiple stock option grants on Common Stock with exercise prices ranging from $22.94 to $44.45 and expirations between 2024 and 2032.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 2,212 | $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 beginning 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 Robert Gotelli?
How are ESOP holdings reported for Bank of Marin Bancorp (BMRC) in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.
