Form 4: Bank of Marin Director Acquires Shares for Fees
Insider Transaction Report
Bank of Marin Bancorp Director James C. Hale III acquired 925 shares of common stock as payment for director fees.
Summary
- James C. Hale III, a Director of Bank of Marin Bancorp (BMRC), acquired 925 shares of common stock.
- The transaction occurred on January 2, 2026, at a price of $25.79 per share.
- These shares were received as payment for Director fees, indicated by transaction code 'J'.
- Following this transaction, Mr. Hale beneficially owns 18,004 shares of common stock indirectly through a trust.
- The transaction was made pursuant to a Rule 10b5-1(c) pre-planned contract or instruction.
- Mr. Hale also directly holds various stock options with exercise prices ranging from $31.23 to $44.85, and expiration dates extending up to January 4, 2031.
Sentiment
Score: 6
Explanation: The acquisition of shares by a director, even as compensation, is generally viewed as a positive sign of management alignment with shareholder interests. The transaction being pre-planned under Rule 10b5-1 adds to transparency.
Positives
- A Director increasing their stake in the company, even through fee payment, generally signals alignment with shareholder interests.
- The transaction was executed under a Rule 10b5-1(c) plan, indicating a pre-planned and transparent acquisition.
Future Outlook
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Industry Context
This is a routine insider transaction for a regional bank director, which does not inherently reflect broader industry trends or competitive positioning. It primarily indicates an individual's compensation structure and personal investment in the company.
Stakeholder Impact
- Shareholders may view the director's increased ownership as a positive signal of confidence in the company's future performance and alignment of interests.
Key Dates
| Date | Description |
|---|---|
| 01/03/2017 | Date exercisable for 2,378 stock options with an exercise price of $34.60, expiring on 01/03/2027. |
| 07/03/2017 | Date exercisable for 2,950 stock options with an exercise price of $31.23, expiring on 07/03/2027. |
| 01/02/2018 | Date exercisable for 2,546 stock options with an exercise price of $33.90, expiring on 01/02/2028. |
| 07/02/2018 | Date exercisable for 1,918 stock options with an exercise price of $40.70, expiring on 07/02/2028. |
| 01/02/2019 | Date exercisable for 1,976 stock options with an exercise price of $41.35, expiring on 01/02/2029. |
| 07/01/2019 | Date exercisable for 2,154 stock options with an exercise price of $41.80, expiring on 07/01/2029. |
| 01/02/2020 | Date exercisable for 2,038 stock options with an exercise price of $44.85, expiring on 01/02/2030. |
| 07/01/2020 | Date exercisable for 2,559 stock options with an exercise price of $32.20, expiring on 07/02/2030. |
| 01/04/2021 | Date exercisable for 2,240 stock options with an exercise price of $34.86, expiring on 01/04/2031. |
| 07/01/2021 | Date exercisable for 2,479 stock options with an exercise price of $32.41, expiring on 07/01/2031. |
| 07/01/2022 | Date exercisable for 2,410 stock options with an exercise price of $32.55, expiring on 07/01/2032. |
| 01/03/2023 | Date exercisable for 2,317 stock options with an exercise price of $32.54, expiring on 01/03/2023. |
| 01/02/2026 | Date of common stock acquisition by James C. Hale III. |
| 01/05/2026 | Signature date of the reporting person's attorney-in-fact. |
Keywords
Bank of Marin Bancorp, BMRC, James C. Hale III, Director, Common Stock, Share Acquisition, Insider Transaction, Form 4, SEC Filing, Director Fees, Stock Options
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