Form 4: FMCB CEO Sells Shares for Tax Obligations

FARMERS & MERCHANTS BANCORP's President/CEO, Kent A. Steinwert, disposed of 2,344 shares of common stock to cover tax withholding obligations.

Summary

• Kent A. Steinwert, President/CEO and Director of FARMERS & MERCHANTS BANCORP (FMCB), reported a transaction on February 4, 2026.
• The transaction involved the disposition of 2,344 shares of FMCB common stock.
• These shares were surrendered to the Issuer to satisfy tax withholding obligations related to the release of 4,340 shares of restricted stock on the same date.
• The market closing price used for the transaction was $1,160 per share, based on February 3, 2026.
• Following this transaction, Mr. Steinwert directly beneficially owns 7,446 shares of common stock.
• Indirect beneficial ownership includes 5 shares held as Custodian for a Minor Child, 3,108 shares held in a Trust, and 19,000 shares held by an LLC.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, representing a routine compliance action for an executive's equity compensation rather than a discretionary sale or a reflection of company performance.

Negatives

• Direct beneficial ownership of common stock decreased by 2,344 shares due to tax withholding.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding on restricted stock, are common and typically do not signal a change in company fundamentals or management's long-term outlook. This is a routine compliance filing.

Stakeholder Impact

• Shareholders: A minor reduction in the direct beneficial ownership of a key executive, but overall insider holdings remain substantial, indicating continued alignment of interests.

Key Dates

Keywords

FARMERS & MERCHANTS BANCORP, FMCB, Kent A. Steinwert, Insider Transaction, Form 4, Common Stock, Tax Withholding, Restricted Stock, Beneficial Ownership