Form 4: Bank of Marin Bancorp Executive Vice President Reports Stock Transactions
SEC Form 4 Filing
Brandi Campbell, Executive Vice President of Bank of Marin Bancorp, reports the disposition of common stock and holdings of stock options.
Summary
- Brandi Campbell, an Executive Vice President at Bank of Marin Bancorp, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 27, 2024, Campbell disposed of 846 shares of common stock at $0 and 97 shares at $16.67.
- Following these transactions, Campbell directly owns 15,458 shares of common stock.
- Campbell also indirectly owns 1,423.1335 shares through an ESOP.
- Campbell holds options to buy 300 shares at $40.1, exercisable from March 2, 2030.
- She also holds options to buy 926 shares at $38.25, exercisable from March 1, 2031.
- Campbell has options for 1,829 shares at $38.11, exercisable from October 29, 2021, and expiring on October 29, 2031.
- Additionally, she holds options for 1,709 shares at $34.03, exercisable from March 1, 2032, with 33% vesting annually.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in the banking industry.
Comparison to Industry Standards
- Executive stock transactions are a normal part of compensation and wealth management in publicly traded companies.
- Similar filings are made by executives at comparable banks like First Republic Bank (before its acquisition), PacWest Bancorp, and Western Alliance Bancorp.
- The size and frequency of these transactions are typical for executives at regional banks.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the small number of shares involved.
- The filing provides transparency to stakeholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 10/29/2021 | Date from which some stock options are exercisable |
| 03/27/2024 | Date of stock disposition transactions |
| 03/29/2024 | Date of Form 4 filing |
| 03/02/2030 | Date from which some stock options are exercisable |
| 03/01/2031 | Date from which some stock options are exercisable |
| 10/29/2031 | Expiration date of some stock options |
| 03/01/2032 | Date from which some stock options are exercisable |
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