Was the FMAO CEO’s 645-share transaction a market purchase or a grant?

The 645-share transaction for FMAO’s CEO was a grant or award, not an open-market purchase. It is classified as a “grant/award acquisition,” indicating compensation-related stock rather than shares bought on the open market for cash.

What was the reference price per share for the FMAO CEO’s 645-share grant?

The 645-share grant to the FMAO CEO used a reference price of $27.14 per share. This price is used to value the stock award for reporting purposes in the Form 4, reflecting the per-share amount assigned to the granted shares.

CEO of Farmers & Merchants (FMAO) receives 645-share stock grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Eller Lars B reported acquisition or exercise transactions in this Form 4 filing.

FARMERS & MERCHANTS BANCORP INC reported that President & CEO Lars B. Eller received an award of 645 shares of Common Stock at $27.14 per share. This compensation-related grant increased his directly held stake to 33,874 shares, reflecting a routine equity incentive rather than an open-market purchase.

Insider Trade Summary

Net Buyer: 645 shares

Net Buy 1 txn

Insider Eller Lars B

Role President & CEO

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	645	$27.14	$18K

Holdings After Transaction: Common Stock — 33,874 shares (Direct)

Key Figures

Shares granted: 645 shares Grant price: $27.14 per share Shares held after: 33,874 shares

3 metrics

Shares granted 645 shares Common Stock award to CEO on 2026-06-04

Grant price $27.14 per share Reference price for 645-share award

Shares held after 33,874 shares CEO direct ownership following the grant

Key Terms

Common Stock, grant/award acquisition, transaction_code "A"

3 terms

Common Stock financial

"security_title: "Common Stock""

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 acquisition financial

"transaction_action: "grant/award acquisition""

transaction_code "A" regulatory

"transaction_code_description: "Grant, award, or other acquisition""

FAQ

What did FMAO CEO Lars B. Eller report in this Form 4 filing?

Lars B. Eller reported receiving 645 shares of Common Stock as an equity award. The shares were recorded at $27.14 per share, increasing his directly held ownership to 33,874 shares after the transaction, according to the Form 4 insider report.

How many FMAO shares does CEO Lars B. Eller hold after this transaction?

After this equity award, Lars B. Eller directly holds 33,874 shares of FMAO Common Stock. This figure includes the newly granted 645 shares and represents his direct ownership position as reported in the Form 4 filing with the SEC.

Does this FMAO Form 4 filing indicate any stock sales by the CEO?

This Form 4 does not report any stock sales by the FMAO CEO. It only discloses an acquisition of 645 shares through a stock grant, which increased his direct holdings to 33,874 shares without any corresponding dispositions or open-market selling.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/04/2026 - 04:31 PM

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

OHIO

43506

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/04/2026		A		645	A	$27.14	33,874	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	/s/Melinda L. Gies// Attorney in Fact	06/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR