Farmers & Merchants director gets 176-share grant

A Farmers & Merchants Bancorp director received a small stock grant as part of quarterly board compensation, increasing his direct holdings to 3,437 shares.

Rhea-AI Filing Summary

FARMERS & MERCHANTS BANCORP INC (FMAO) reported that director Ian D. Boyce received a grant of 176 shares of Common Stock on September 18, 2026, as a grant/award acquisition priced at $35.67 per share.

According to the company, this grant represents one-half of this director's compensation for July, August, and September 2026, and brings his directly held position to 3,437 Common shares. No transactions were reported under a Rule 10b5-1 trading plan.

Insider Trade Summary

Grant/Award: 176 shares

Grant/Award 1 txn

Insider Boyce Ian D

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	176	$35.67	$6K

Holdings After Transaction: Common Stock — 3,437 shares (Direct)

Footnotes (1)

1. F1. Represents one-half of this Director's compensation for July, August, & September 2026.

Key Figures

Shares granted: 176 shares Grant price: $35.67 per share Holdings after transaction: 3,437 shares +1 more

4 metrics

Shares granted 176 shares Grant/award of Common Stock to director on September 18, 2026

Grant price $35.67 per share Recorded price for the September 18, 2026 Common Stock grant

Holdings after transaction 3,437 shares Director’s directly held FMAO Common Stock following the grant

Compensation period represented 3 months Grant represents one-half of compensation for July, August, & September 2026

Key Terms

Common Stock, Grant, award, or other acquisition, Director's compensation, Rule 10b5-1

4 terms

Common Stock financial

"security titled Common Stock was granted to the director"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Grant, award, or other acquisition financial

"transaction is categorized as a grant, award, or other acquisition"

Director's compensation financial

"Represents one-half of this Director's compensation for July, August, & September 2026"

Rule 10b5-1 regulatory

"No Rule 10b5-1 plan is reported for this transaction"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FMAO report for director Ian D. Boyce?

FARMERS & MERCHANTS BANCORP INC reported that director Ian D. Boyce received a grant of 176 Common shares on September 18, 2026, categorized as a grant, award, or other acquisition related to his director compensation.

At what price was the FMAO stock grant to the director recorded?

The 176-share grant of FARMERS & MERCHANTS BANCORP INC Common Stock to director Ian D. Boyce was recorded at $35.67 per share, as disclosed for the September 18, 2026 transaction.

How many FMAO shares does the director hold after this transaction?

After the September 18, 2026 stock grant, director Ian D. Boyce directly holds 3,437 shares of FARMERS & MERCHANTS BANCORP INC Common Stock, according to the filing.

What period of service does this FMAO stock grant compensate?

The filing states that the 176-share stock grant represents one-half of this director's compensation for the months of July, August, and September 2026 for his service on the board.

Was the FMAO director stock grant made under a Rule 10b5-1 plan?

No. The document-level Rule 10b5-1 checkbox is not affirmed, so the reported September 18, 2026 stock grant to the director is not stated as being made under a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 04:55 PM Accepted by SEC EDGAR 09/21/2026 - 04:55 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Boyce Ian D

(Last) (First) (Middle)

12507 CHAPELWOOD DR

(Street)

FORT WAYNE INDIANA 46845

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FARMERS & MERCHANTS BANCORP INC [ FMAO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/18/2026		A		176(1)	A	$35.67	3,437	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents one-half of this Director's compensation for July, August, & September 2026.

	/s/ Melinda Gies by POA from Ian D Boyce	09/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)