Form 4: Bank of Marin Bancorp Executive Vice President Reports Stock Transactions
SEC Form 4
Robert Gotelli, Executive Vice President of Bank of Marin Bancorp, reports the disposition of 1,444 shares of common stock and provides an update on derivative securities holdings.
Summary
- Robert Gotelli, an Executive Vice President at Bank of Marin Bancorp, filed a Form 4 detailing changes in beneficial ownership.
- On April 22, 2025, Gotelli disposed of 1,444 shares of common stock.
- Following the transaction, Gotelli directly owns 32,771 shares of common stock.
- Gotelli also indirectly owns 17,151.0485 shares through an ESOP.
- The report details Gotelli's holdings of various stock options with different 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 required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a key executive.
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 |
| 04/01/2024 | First anniversary date of grant for stock options with an exercise price of $22.94, exercisable 20% per year. |
| 03/02/2025 | Date of stock options grant with an exercise price of $25.38, exercisable 33% per year beginning on first anniversary date of grant. |
| 03/02/2025 | Date of stock options grant with an exercise price of $40.1, exercisable 33% per year beginning on first anniversary date of grant. |
| 04/22/2025 | Date of transaction where 1,444 shares of common stock were disposed of. |
| 04/24/2025 | Date of signature for the Form 4 filing. |
| 03/01/2026 | Date of stock options grant with an exercise price of $24.83, exercisable 33% per year beginning on first anniversary date of grant. |
| 03/01/2027 | Date of stock options grant with an exercise price of $34.8, exercisable 33% per year beginning on first anniversary date of grant. |
| 03/01/2028 | Date of stock options grant with an exercise price of $33.58, exercisable 33% per year beginning on first anniversary date of grant. |
| 03/01/2028 | Date of stock options grant with an exercise price of $33.58, exercisable 33% immediately, then 33% per year beginning on first anniversary date of grant. |
| 03/01/2029 | Date of stock options grant with an exercise price of $44.45, exercisable 33% per year beginning on first anniversary date of grant. |
| 03/01/2031 | Date of stock options grant with an exercise price of $38.25, exercisable 33% per year beginning on first anniversary date of grant. |
| 10/29/2031 | Expiration date of stock options grant with an exercise price of $38.11. |
| 03/01/2032 | Date of stock options grant with an exercise price of $34.03, exercisable 33% per year beginning on first anniversary date of grant. |
Keywords
Form 4, Beneficial Ownership, Stock Options, Common Stock, Bank of Marin Bancorp, BMRC, Gotelli, Executive Vice President, ESOP, Securities
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