Form 4: Bank of Marin Bancorp Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David Bonaccorso, SVP and Treasurer of Bank of Marin Bancorp, disposed of 294 shares of common stock on September 23, 2024, to cover tax obligations.
Summary
- On September 23, 2024, David Bonaccorso, the SVP and Treasurer of Bank of Marin Bancorp, disposed of 294 shares of common stock.
- The transaction was executed at a price of $20.46 per share.
- Following the transaction, Bonaccorso directly owns 4,061 shares of Bank of Marin Bancorp.
- The transaction was related to covering tax obligations.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover tax obligations is a common and expected practice.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders trade their company's stock. These filings are closely watched by investors for signals about management's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 09/23/2024 | Date of transaction: David Bonaccorso disposed of 294 shares of common stock. |
| 09/30/2024 | Date of signature on the Form 4 filing. |
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