Form 4: Bank of Marin Bancorp Executive Vice President Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Brandi Campbell, Executive Vice President of Bank of Marin Bancorp, reports transactions involving common stock and stock options, including acquisitions, disposals, and ESOP allocations.
Summary
- Brandi Campbell, an Executive Vice President at Bank of Marin Bancorp, filed a Form 4 detailing changes in her beneficial ownership of the company's securities.
- On March 3, 2025, Ms. Campbell acquired 6,350 shares of common stock at $0 and disposed of 801 shares at $24.22, resulting in a total of 21,007 directly owned shares.
- She also indirectly owns 2,220.7689 shares through the ESOP as of December 31, 2023, and 2,326.0639 shares as of December 31, 2024, due to allocations and dividend reinvestments.
- Ms. Campbell also holds stock options with various exercise prices and expiration dates, including options to buy 300 shares at $40.1 expiring on March 2, 2030, 926 shares at $38.25 expiring on March 1, 2031, 1,829 shares at $38.11 expiring on October 29, 2031 and 1,709 shares at $34.03 expiring on March 1, 2032.
- The stock options vest 33% per year beginning on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to insider trading and is required by the SEC to provide transparency regarding the trading activities of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 10/29/2021 | Date of stock options grant with an exercise price of $38.11 and expiration date of 10/29/2031 |
| 12/31/2023 | ESOP allocation posted to reporting owner's account |
| 12/31/2024 | Date of additional ESOP shares resulting from dividend reinvestment |
| 03/03/2025 | Date of common stock acquisition and disposal |
| 03/05/2025 | Date of signature on the Form 4 filing |
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