Form 4: Bank of Marin Bancorp Director Russell A. Colombo Reports Stock Disposal
SEC Form 4 Filing
Director Russell A. Colombo of Bank of Marin Bancorp reports the disposal of 4,072 shares of common stock on March 27, 2024.
Summary
- On March 27, 2024, Russell A. Colombo, a director of Bank of Marin Bancorp, disposed of 4,072 shares of common stock.
- The transaction was a disposal, indicated by the code 'D'.
- Following the transaction, Colombo still indirectly owns 38,107 shares as Trustee of the Colombo Family Trust and 13,692 shares through an IRA.
- Colombo also holds various stock options with different exercise prices and expiration dates.
Sentiment
Score: 4
Explanation: The sentiment is slightly negative due to the disposal of shares by a director, which could raise concerns among investors, but is tempered by the fact that the director still holds a significant number of shares and options.
Negatives
- Russell A. Colombo disposed of 4,072 shares of common stock, which could be interpreted negatively by the market.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The disposal of shares by a director could potentially impact shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 03/27/2024 | Date of stock disposal transaction |
| 03/29/2024 | Date of signature on the Form 4 filing |
| 04/01/2024 | First date stock options with exercise price of $22.94 become exercisable |
| 03/02/2025 | First date stock options with exercise price of $25.38 become exercisable |
| 03/01/2026 | First date stock options with exercise price of $24.83 become exercisable |
| 03/01/2027 | First date stock options with exercise price of $34.8 become exercisable |
| 03/01/2028 | First date stock options with exercise price of $33.58 become exercisable |
| 03/01/2029 | First date stock options with exercise price of $44.45 become exercisable |
| 03/02/2030 | First date stock options with exercise price of $40.1 become exercisable |
| 03/01/2031 | First date stock options with exercise price of $38.25 become exercisable |
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