Farmers & Merchants Bancorp (FMCB) EVP uses stock to cover tax bill
Rhea-AI Filing Summary
Farmers & Merchants Bancorp EVP and Chief Credit Officer John W. Weubbe surrendered 209 shares of common stock on August 4, 2026 to the issuer to satisfy tax withholding obligations arising from accelerated vesting and settlement of Restricted Stock Awards originally granted on February 3, 2025 and scheduled to vest fully on February 3, 2027. The surrendered shares were valued at $1,385 per share, reflecting the August 3, 2026 market closing price. After this tax-withholding disposition, he holds 421 shares directly and 625 shares indirectly in a family trust.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 209 shares
Net Sell
2 txns
Insider
Weubbe John W
Role
EVP, Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 209 | $1,385.00 | $289K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 421 shares (Direct);
Common Stock — 625 shares (Indirect, Held in family trust)
Footnotes (2)
- F1. 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.
- F2. Reflects market closing price on 8/3/2026.
Key Figures
Shares surrendered for tax withholding: 209 shares
Valuation price per surrendered share: $1,385 per share
Direct holdings after transaction: 421 shares
+4 more
7 metrics
Shares surrendered for tax withholding
209 shares
Common stock surrendered on August 4, 2026 to satisfy tax withholding obligations
Valuation price per surrendered share
$1,385 per share
Reflects market closing price on August 3, 2026 used for tax-withholding calculation
Direct holdings after transaction
421 shares
Direct ownership of Farmers & Merchants Bancorp common stock following tax-withholding disposition
Indirect holdings in family trust
625 shares
Common stock held indirectly in a family trust after the reported transaction
Original grant date of RSAs
February 3, 2025
Grant date of Restricted Stock Awards whose accelerated vesting triggered tax withholding
Scheduled final vesting date of RSAs
February 3, 2027
Original final vesting date of the Restricted Stock Awards before full acceleration
Acceleration approval date
August 4, 2026
Date on which the Personnel Committee approved full acceleration of RSAs
Key Terms
Restricted Stock Awards, tax withholding obligations, accelerated vesting, family trust, +1 more
5 terms
Restricted Stock Awards financial
"upon the release of accelerated vesting and settlement of Restricted Stock Awards originally granted"
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
"total_shares_following_transaction": "625.0000" ... "nature_of_ownership": "Held in family trust""
Personnel Committee financial
"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 John W. Weubbe report on this Form 4?
John W. Weubbe reported surrendering 209 shares of Farmers & Merchants Bancorp common stock to the issuer on August 4, 2026 to satisfy tax withholding obligations tied to accelerated vesting and settlement of Restricted Stock Awards granted on February 3, 2025.
Who approved the accelerated vesting of FMCB Restricted Stock Awards for John W. Weubbe?
The Form 4 states that the Issuer's Personnel Committee approved the acceleration in full on August 4, 2026 of the Restricted Stock Awards held by John W. Weubbe, which led to the associated tax-withholding share surrender.
Was John W. Weubbe’s FMCB Form 4 transaction made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmatively relying on a plan, indicating the reported tax-withholding disposition of 209 shares was not disclosed as executed under a Rule 10b5-1 trading plan.