Form 4: Bank of Marin Bancorp Executive Vice President Reports Stock Transactions
SEC Form 4 Filing
Misako Stewart, Executive Vice President of Bank of Marin Bancorp, reports the disposition of shares to cover tax obligations related to equity awards.
Summary
- On March 1, 2024, Misako Stewart, an Executive Vice President at Bank of Marin Bancorp, reported a transaction involving common stock.
- Stewart disposed of 506 shares of common stock at a price of $16.61 per share to cover tax obligations.
- Following the transaction, Stewart directly owns 12,367 shares of common stock.
- Stewart also indirectly owns 5,017.2999 shares through an ESOP.
- Stewart holds various stock options with exercise prices ranging from $22.94 to $44.45, expiring between 2024 and 2032.
- The filing was signed by Krissy Meyer, Attorney-in-Fact, on March 5, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transaction appears to be a standard tax-related sale, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small sale by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/29/2021 | Date of Stock Options (Right to Buy) $ 38.11 |
| 03/01/2024 | Date of transaction and earliest transaction reported |
| 04/01/2024 | Stock Options (Right to Buy) $ 22.94 (1) Exercisable |
| 03/02/2025 | Stock Options (Right to Buy) $ 25.38 (2) Exercisable |
| 03/01/2026 | Stock Options (Right to Buy) $ 24.83 (2) Exercisable |
| 03/01/2027 | Stock Options (Right to Buy) $ 34.8 (2) Exercisable |
| 03/01/2028 | Stock Options (Right to Buy) $ 33.58 (2) Exercisable |
| 03/01/2029 | Stock Options (Right to Buy) $ 44.45 (2) Exercisable |
| 03/02/2030 | Stock Options (Right to Buy) $ 40.1 (2) Exercisable |
| 03/01/2031 | Stock Options (Right to Buy) $ 38.25 (2) Exercisable |
| 10/29/2031 | Date of Stock Options (Right to Buy) $ 38.11 Expiration |
| 03/01/2032 | Stock Options (Right to Buy) $ 34.03 (2) Exercisable |
| 03/05/2024 | Date of signature by Attorney-in-Fact |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.