Form 4: Bank of Marin Bancorp Executive Vice President Reports Changes in Beneficial Ownership
SEC Form 4
Misako Stewart, Executive Vice President of Bank of Marin Bancorp, reports transactions involving common stock and stock options.
Summary
- On April 22, 2025, Misako Stewart, an Executive Vice President at Bank of Marin Bancorp, reported changes in beneficial ownership of the company's stock.
- These changes involve the disposition of common stock due to tax withholding and a transaction related to the Employee Stock Ownership Plan (ESOP).
- Stewart directly owns 25,305 shares of common stock following the reported transactions.
- Stewart also indirectly owns 4,623.5366 shares of common stock through the ESOP.
- Stewart holds various stock options with exercise prices ranging from $22.94 to $44.45, expiring between 2031 and 2032.
- The filing indicates that some stock options are exercisable in installments, typically 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 required by the SEC for corporate insiders, providing transparency to the market regarding their transactions in the company's securities.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- Employees participating in the ESOP are indirectly affected by the reported transactions.
Key Dates
| Date | Description |
|---|---|
| 10/29/2021 | Date of Stock Options (Right to Buy) $ 38.11 |
| 04/01/2024 | First date exercisable for some stock options. |
| 03/02/2025 | Date of Stock Options (Right to Buy) $ 25.38 |
| 03/02/2025 | Date of Stock Options (Right to Buy) $ 40.1 |
| 04/22/2025 | Date of reported transactions. |
| 04/24/2025 | Date of signature. |
| 03/01/2026 | Date of Stock Options (Right to Buy) $ 24.83 |
| 03/01/2027 | Date of Stock Options (Right to Buy) $ 34.8 |
| 03/01/2028 | Date of Stock Options (Right to Buy) $ 33.58 |
| 03/01/2029 | Date of Stock Options (Right to Buy) $ 44.45 |
| 03/02/2030 | Date of Stock Options (Right to Buy) $ 40.1 |
| 03/01/2031 | Date of Stock Options (Right to Buy) $ 38.25 |
| 10/29/2031 | Expiration Date of Stock Options (Right to Buy) $ 38.11 |
| 03/01/2032 | Date of Stock Options (Right to Buy) $ 34.03 |
Keywords
Form 4, Beneficial Ownership, Stock Options, Common Stock, Bank of Marin Bancorp, BMRC, Executive Vice President, Misako Stewart
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