Farmers & Merchants Bancorp (FMCB) CEO details stock award and trust transfers
Rhea-AI Filing Summary
Farmers & Merchants Bancorp President/CEO and director Kent A. Steinwert reported several equity transactions. On December 9, 2025, he received a restricted stock award of 400 shares of common stock without voting rights, which will vest evenly over one year, bringing his directly held stake to 9,790 shares after the grant.
On December 10, 2025, shares previously held through the company’s Non-Qualified Executive Retirement Plans were distributed, for no consideration, to his family trust and an LLC, and are now reported as indirect ownership of 3,108 shares in a trust and 19,000 shares via an LLC. The filing also clarifies that 5 shares are held as custodian for a minor child, for which he disclaims beneficial ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 2,937 | $0.00 | -- |
| Gift | Common Stock | 17,363 | $0.00 | -- |
| Grant/Award | Common Stock | 400 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On December 9, 2025, Reporting Person was granted a restricted stock award ("RSA") of 400 shares of Issuer's common stock without voting rights, which will vest ratably over a one (1) year term. Includes, as previously reported, grants on February 3, 2025 to Reporting Person of a RSA of 7,260 shares of Issuer's common stock without voting rights , which will vest ratably over a two (2) year term; and a special one-time RSA of 2,130 shares of Issuer's common stock without voting rights, which will vest ratably over a three (3) year term. Shares previously held indirectly through the Company's Non-Qualified Executive Retirement Plans, which, in connection with the liquidation and distribution of the Plans, were distributed by the Trustees of the Plan to Reporting Person's family trust on December 10, 2025, for no consideration. Shares previously held indirectly through the Company's Non-Qualified Executive Retirement Plans were distributed by the Trustees of the Plans, in connection with the liquidation and distribution of the Plans, on December 10, 2025, for no consideration. These share were previously reported as directly owned by Reporting Person; however, they are held by Reporting Person as custodian for a minor child. The Reporting Person disclaims beneficial ownership of these shares.
FAQ
What insider transactions did FMCB's CEO report in this filing?
Kent A. Steinwert, President/CEO and director of Farmers & Merchants Bancorp (FMCB), reported receiving a restricted stock award and reclassifying shares from company retirement plans into a family trust, an LLC, and custodial holdings.
What is Kent A. Steinwert’s direct ownership of FMCB stock after these transactions?
Following the reported transactions, Kent A. Steinwert directly owns 9,790 shares of Farmers & Merchants Bancorp common stock.