Form 4: Bank of Marin Bancorp Executive Vice President Reports Stock Transactions
SEC Form 4
Brandi Campbell, Executive Vice President of Bank of Marin Bancorp, reports the disposition of 526 shares of common stock to cover taxes and the holding of 8,725 shares of common stock and various 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 1, 2024, Ms. Campbell disposed of 526 shares of common stock at a price of $16.61.
- This transaction was likely to cover tax obligations related to the vesting of restricted stock or similar equity awards.
- Following the transaction, Ms. Campbell directly owns 8,725 shares of Bank of Marin Bancorp common stock.
- Ms. Campbell also indirectly owns 1,423.1335 shares through the ESOP.
- Ms. Campbell also holds options to purchase shares of common stock at various exercise prices and expiration dates.
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.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it represents a small percentage of the outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 10/29/2021 | Date of grant for stock options exercisable at $38.11, expiring 10/29/2031 |
| 03/01/2024 | Date of stock disposal transaction |
| 03/05/2024 | Date of Form 4 signature |
| 03/02/2030 | Expiration date for stock options exercisable at $40.1 |
| 03/01/2031 | Expiration date for stock options exercisable at $38.25 |
| 10/29/2031 | Expiration date for stock options exercisable at $38.11 |
| 03/01/2032 | Expiration date for stock options exercisable at $34.03 |
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