Form 4: Bank of Marin Bancorp: CEO Timothy Myers Reports Stock Transaction
SEC Form 4
CEO Timothy Myers of Bank of Marin Bancorp reports a transaction involving common stock and derivative securities.
Summary
- On March 1, 2024, Timothy D Myers, the President & CEO of Bank of Marin Bancorp, reported a transaction.
- Myers disposed of 1,127 shares of common stock at a price of $16.61 per share.
- Following the transaction, Myers directly owns 40,661.4413 shares of common stock and indirectly owns 13,255.8721 shares through an ESOP.
- Myers also holds various stock options with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the trading activities of key executives.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it reflects an insider's view on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 10/29/2021 | Date of stock options with an exercise price of $38.11 |
| 03/01/2024 | Date of transaction: Disposal of common stock and reporting date for stock options. |
| 04/01/2024 | Date when some stock options become exercisable. |
| 03/02/2025 | Date when some stock options become exercisable. |
| 03/01/2026 | Date when some stock options become exercisable. |
| 03/01/2027 | Date when some stock options become exercisable. |
| 03/01/2028 | Date when some stock options become exercisable. |
| 03/01/2029 | Date when some stock options become exercisable. |
| 03/02/2030 | Date when some stock options become exercisable. |
| 03/01/2031 | Date when some stock options become exercisable. |
| 10/29/2031 | Expiration date of stock options with an exercise price of $38.11 |
| 03/01/2032 | Date when some stock options become exercisable. |
| 03/06/2024 | Date of signature by Attorney-in-Fact. |
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