Form 4: Bank of Marin Bancorp Director Acquires Shares as Director Fee
SEC Form 4 Filing
Director Nicolas C. Anderson acquired 1,407 shares of Bank of Marin Bancorp (BMRC) common stock on July 1, 2024, as payment for director fees.
Summary
- On July 1, 2024, Nicolas C. Anderson, a director of Bank of Marin Bancorp (BMRC), acquired 1,407 shares of common stock at a price of $16.46 per share.
- This acquisition was made as payment for director fees.
- Following the transaction, Anderson directly owns 9,660 shares of BMRC common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a routine transaction. The director receiving shares as compensation is a normal business practice.
Positives
- The director's acquisition of shares demonstrates confidence in the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as directors and officers, trade in their company's stock. These filings provide transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard director compensation practice.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Director Nicolas C. Anderson acquired 1,407 shares of Bank of Marin Bancorp common stock. |
| 07/02/2024 | Date of signature: Krissy Meyer, Attorney-in-Fact, signed the Form 4 on behalf of Nicolas C. Anderson. |
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