FMAO CEO reports 1,140-share tax disposition

Farmers & Merchants Bancorp Inc. President and CEO Lars B. Eller reported a tax-related share disposition.

Accepted by SEC EDGAR 03/02/2026 - 04:55 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Farmers & Merchants Bancorp Inc. President and CEO Lars B. Eller reported a tax-related share disposition. On March 2, 2026, 1,140 shares of common stock were transferred back to the company at $25.86 per share to cover federal, state, and local taxes on 4,800 vested stock-award shares. After this tax-withholding disposition, Eller directly held 27,855 common shares.

Insider Trade Summary

Exercise Price or Tax Liability: 1,140 shares

Exercise Price or Tax Liability 1 txn

Insider Eller Lars B

Role President & CEO

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	1,140	$25.86	$29K

Holdings After Transaction: Common Stock — 27,855 shares (Direct)

Footnotes (1)

1. F1. 1140 shares were repurchased by the "Company" to cover taxation. The "Company" calculated taxes owed-federal, state, and local on 4,800 shares that were vested on 3/1/26 as a result of stock awards issued pursuant to the Company's Long Term Incentive Plan.

FAQ

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

What insider transaction did Farmers & Merchants Bancorp (FMAO) report on this Form 4?

Farmers & Merchants Bancorp reported that President and CEO Lars B. Eller had 1,140 common shares withheld and repurchased by the company to cover tax obligations on recently vested stock awards, rather than executing an open-market stock sale.

How many Farmers & Merchants Bancorp (FMAO) shares were involved in the CEO’s tax-withholding transaction?

The transaction involved 1,140 shares of common stock. These shares were repurchased by the company at $25.86 per share to satisfy tax liabilities triggered by the vesting of 4,800 stock-award shares under the company’s Long Term Incentive Plan.

What price per share was used in the Farmers & Merchants Bancorp (FMAO) tax-withholding disposition?

The disposition used a price of $25.86 per share. This value applied to the 1,140 common shares repurchased by the company to cover federal, state, and local taxes on stock awards that vested for the President and CEO.

How many Farmers & Merchants Bancorp (FMAO) shares does the CEO hold after this Form 4 transaction?

After the tax-withholding disposition, President and CEO Lars B. Eller directly holds 27,855 common shares. This figure reflects his ownership following the company’s repurchase of 1,140 shares to pay taxes on vested long-term incentive stock awards.

Was the Farmers & Merchants Bancorp (FMAO) CEO’s Form 4 a sale on the open market?

No, this was not an open-market sale. The 1,140 shares of common stock were repurchased by the company to cover tax obligations on 4,800 vested stock-award shares, a routine tax-withholding transaction under the Long Term Incentive Plan.

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

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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^*

Eller Lars B

(Last) (First) (Middle)

100 COUNTRY CLUB RD

(Street)

BRYAN OH 43506

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

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

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

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

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	03/02/2026		F		1,140(1)	D	$25.86	27,855	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. 1140 shares were repurchased by the "Company" to cover taxation. The "Company" calculated taxes owed-federal, state, and local on 4,800 shares that were vested on 3/1/26 as a result of stock awards issued pursuant to the Company's Long Term Incentive Plan.

	/s/Melinda L. Gies// Attorney in Fact	03/02/2026
	** 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.
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