Form 4: Bank of Marin Bancorp Director Kevin Kennedy Boosts Stake with Share Acquisition
Insider Transaction Report
Bank of Marin Bancorp Director Kevin R. Kennedy acquired additional common stock, increasing his indirect beneficial ownership in the company.
Summary
- Kevin R. Kennedy, a Director of Bank of Marin Bancorp (BMRC), acquired 992 shares of common stock.
- The acquisition occurred on July 1, 2025, at a price of $24.05 per share.
- Following this transaction, Mr. Kennedy's indirect beneficial ownership of common stock through a Trust increased to 28,276 shares.
- His total beneficial ownership of common stock, including holdings via a Roth IRA (10,080 shares) and a SIMPLE IRA (100 shares), amounts to 38,456 shares.
- Mr. Kennedy also holds 12,273 stock options to buy common stock, with exercise prices ranging from $32.20 to $44.85 and expiration dates between 2028 and 2033.
Sentiment
Score: 8
Explanation: The acquisition of shares by a director is a strong positive signal, indicating insider confidence in the company's prospects and potentially its current valuation.
Positives
- A director's acquisition of shares typically signals confidence in the company's future prospects and current valuation.
- The acquisition at $24.05 per share indicates a specific valuation at which the insider chose to increase their stake, potentially signaling a belief that the stock is undervalued or poised for growth.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders may view the director's share acquisition as a positive indicator of future stock performance and company stability, potentially leading to increased investor confidence.
Key Dates
| Date | Description |
|---|---|
| 07/02/2018 | Date exercisable for 958 stock options with an exercise price of $40.70. |
| 01/02/2019 | Date exercisable for 988 stock options with an exercise price of $41.35. |
| 07/01/2019 | Date exercisable for 1,077 stock options with an exercise price of $41.80. |
| 01/02/2020 | Date exercisable for 1,019 stock options with an exercise price of $44.85. |
| 07/01/2020 | Date exercisable for 1,279 stock options with an exercise price of $32.20. |
| 07/01/2021 | Date exercisable for 2,479 stock options with an exercise price of $32.41. |
| 01/03/2022 | Date exercisable for 1,030 stock options with an exercise price of $37.35. |
| 07/01/2022 | Date exercisable for 1,205 stock options with an exercise price of $32.55. |
| 01/03/2023 | Date exercisable for 2,317 stock options with an exercise price of $32.54. |
| 07/01/2025 | Date of common stock acquisition by Kevin R. Kennedy. |
| 07/02/2025 | Signature date of the reporting person's attorney-in-fact. |
| 07/02/2028 | Expiration date for 958 stock options with an exercise price of $40.70. |
| 01/02/2029 | Expiration date for 988 stock options with an exercise price of $41.35. |
| 07/02/2029 | Expiration date for 1,077 stock options with an exercise price of $41.80. |
| 01/02/2030 | Expiration date for 1,019 stock options with an exercise price of $44.85. |
| 07/01/2030 | Expiration date for 1,279 stock options with an exercise price of $32.20. |
| 07/01/2031 | Expiration date for 2,479 stock options with an exercise price of $32.41. |
| 01/03/2032 | Expiration date for 1,030 stock options with an exercise price of $37.35. |
| 07/01/2032 | Expiration date for 1,205 stock options with an exercise price of $32.55. |
| 01/03/2033 | Expiration date for 2,317 stock options with an exercise price of $32.54. |
Recommendation
buyKeywords
Bank of Marin Bancorp, BMRC, Insider Trading, Form 4, Share Acquisition, Director, Common Stock, Stock Options, Beneficial Ownership
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