Form 4: Bank of Marin Bancorp Executive Vice President Tani Girton Reports Stock Transaction
SEC Form 4
Tani Girton, Executive Vice President of Bank of Marin Bancorp, reports the disposition of 1,606 shares of common stock.
Summary
- On March 27, 2024, Tani Girton, an Executive Vice President at Bank of Marin Bancorp, disposed of 1,606 shares of common stock.
- Following the transaction, Girton directly owns 65,200 shares of common stock.
- Girton also indirectly owns 5,254.0268 shares of common stock through an ESOP.
- Girton holds multiple stock options with various exercise prices and expiration dates, totaling 39,987 shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions by an executive officer. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of key personnel and their potential impact on the company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders as it provides insight into the executive's perspective on the company's stock value.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
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. |
| 03/02/2025 | Expiration date of stock options with an exercise price of $25.38. |
| 03/01/2026 | Expiration date of stock options with an exercise price of $24.83. |
| 03/01/2027 | Expiration date of stock options with an exercise price of $34.8. |
| 03/01/2028 | Expiration date of stock options with exercise prices of $33.58. |
| 03/01/2029 | Expiration date of stock options with an exercise price of $44.45. |
| 03/02/2030 | Expiration date of stock options with an exercise price of $40.1. |
| 03/01/2031 | Expiration date of stock options with an exercise price of $38.25. |
| 10/29/2031 | Expiration date of stock options with an exercise price of $38.11. |
| 03/01/2032 | Expiration date of stock options with an exercise price of $34.03. |
| 03/27/2024 | Date of the reported transaction where 1,606 shares of common stock were disposed of. |
| 03/29/2024 | Date of signature by Attorney-in-Fact. |
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