Form 4: Bank of Marin Bancorp Director Acquires Shares as Part of Director Fee
SEC Form 4
Director James C. Hale III acquired 1,407 shares of Bank of Marin Bancorp common stock at $16.46 per share on July 1, 2024, as part of his director fee.
Summary
- On July 1, 2024, James C. Hale III, a director of Bank of Marin Bancorp, acquired 1,407 shares of common stock at a price of $16.46 per share.
- The acquisition was made indirectly through a trust.
- Following the transaction, Hale beneficially owns 15,102 shares indirectly through the trust.
- Hale also holds multiple stock options with varying exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The director's acquisition of shares is a positive sign, but it's not a major event.
Positives
- The director's acquisition of shares may signal confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored as they can provide insights into management's perspective on the company's valuation and future prospects. This transaction reflects a director's continued investment in the company.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 01/03/2017 | Date of exercisable for some stock options |
| 07/03/2017 | Date of exercisable for some stock options |
| 01/02/2018 | Date of exercisable for some stock options |
| 07/02/2018 | Date of exercisable for some stock options |
| 01/02/2019 | Date of exercisable for some stock options |
| 07/01/2019 | Date of exercisable for some stock options |
| 01/02/2020 | Date of exercisable for some stock options |
| 07/01/2020 | Date of exercisable for some stock options |
| 01/04/2021 | Date of exercisable for some stock options |
| 07/01/2021 | Date of exercisable for some stock options |
| 07/01/2022 | Date of exercisable for some stock options |
| 01/03/2023 | Date of exercisable for some stock options |
| 07/01/2024 | Date of transaction: Director acquired shares as part of director fee. |
| 07/02/2024 | Date of signature for the Form 4 filing. |
| 01/03/2027 | Expiration date for some stock options |
| 07/03/2027 | Expiration date for some stock options |
| 01/02/2028 | Expiration date for some stock options |
| 07/02/2028 | Expiration date for some stock options |
| 01/02/2029 | Expiration date for some stock options |
| 07/01/2029 | Expiration date for some stock options |
| 01/02/2030 | Expiration date for some stock options |
| 07/02/2030 | Expiration date for some stock options |
| 01/04/2031 | Expiration date for some stock options |
| 07/01/2031 | Expiration date for some stock options |
| 07/01/2032 | Expiration date for some stock options |
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