Farmers & Merchants (FMCB) CFO surrenders 486 shares for tax withholding
Rhea-AI Filing Summary
FARMERS & MERCHANTS BANCORP Executive Vice President and CFO Bart R Olson reported a tax-related share disposition. On August 4, 2026, he surrendered 486 shares of common stock to the issuer at 1385.0000 per share to satisfy tax withholding on accelerated vesting of restricted stock awards originally granted on February 3, 2025. Following this, he holds 822 shares directly and 1,356 shares indirectly through a family trust; 666 shares had previously been reclassified from direct to indirect ownership without changing his overall stake.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 486 shares
Net Sell
2 txns
Insider
Olson Bart R
Role
Executive Vice President, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2, F3 | 486 | $1,385.00 | $673K |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 822 shares (Direct);
Common Stock — 1,356 shares (Indirect, Held in family trust)
Footnotes (3)
- F1. Since prior report 666 shares were moved from direct to indirect, Reporting Persons ownership did not change due to this transfer.
- F2. Represents the number of shares of Issuer's common stock that Reporting Person surrendered to Issuer for the satisfaction of Reporting Person's tax withholding obligations upon the release of accelerated vesting and settlement of Restricted Stock Awards originally granted on February 3, 2025, with a final vesting date of February 3, 2027. The acceleration in full on August 4, 2026 was approved by the Issuer's Personnel Committee.
- F3. Reflects market closing price on 8/3/2026.
Key Figures
Shares surrendered for tax withholding: 486 shares
Per-share value used for tax withholding: 1385.0000 per share
Direct holdings after transaction: 822 shares
+5 more
8 metrics
Shares surrendered for tax withholding
486 shares
Common stock surrendered to issuer on August 4, 2026 to satisfy tax withholding obligations.
Per-share value used for tax withholding
1385.0000 per share
Reflects market closing price on 8/3/2026 for surrendered shares.
Direct holdings after transaction
822 shares
Directly owned Farmers & Merchants Bancorp common shares following August 4, 2026 tax-withholding disposition.
Indirect holdings in family trust
1356.0000 shares
Indirect common stock holdings in a family trust reported as of August 4, 2026.
Shares moved from direct to indirect
666 shares
Reclassified from direct to indirect ownership since prior report without changing total ownership.
Restricted Stock Awards grant date
February 3, 2025
Original grant date of restricted stock awards tied to the tax-withholding shares.
Original final vesting date
February 3, 2027
Planned final vesting date of the restricted stock awards before acceleration.
Acceleration date of awards
August 4, 2026
Date vesting of the restricted stock awards was accelerated in full, approved by the Personnel Committee.
Key Terms
Restricted Stock Awards, tax withholding obligations, accelerated vesting, family trust, +1 more
5 terms
Restricted Stock Awards financial
"settlement of Restricted Stock Awards originally granted on February 3, 2025"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
tax withholding obligations financial
"surrendered to Issuer for the satisfaction of Reporting Person's tax withholding obligations"
accelerated vesting financial
"upon the release of accelerated vesting and settlement of Restricted Stock Awards"
family trust financial
"Indirect ownership noted as Held in family trust"
Personnel Committee regulatory
"The acceleration in full on August 4, 2026 was approved by the Issuer's Personnel Committee"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did FMCB executive Bart R Olson report?
Bart R Olson reported surrendering 486 shares of Farmers & Merchants Bancorp common stock to the issuer to cover tax withholding obligations on accelerated vesting of restricted stock awards, rather than an open-market sale, on August 4, 2026.
What is the background of the restricted stock behind FMCB’s reported tax withholding?
The surrendered 486 shares relate to Restricted Stock Awards originally granted on February 3, 2025 with a final vesting date of February 3, 2027, whose vesting was fully accelerated on August 4, 2026 with approval by the issuer’s Personnel Committee.