Bank of Marin (BMRC) Director Charles D. Fite Receives 849 Shares

What Happened
Charles D. Fite, a director of Bank of Marin Bancorp (BMRC), received 849 shares on July 1, 2026. The shares were issued at $28.94 each for a total value of $24,570. This was an acquisition reported under Form 4 but reflects compensation (director fee) rather than an open-market purchase.

Key Details

• Transaction date: 2026-07-01
• Transaction type/code: Other acquisition or disposition (J) — shares received in payment of director fee (footnote F1)
• Shares acquired: 849 at $28.94 per share
• Total value: $24,570
• Shares owned after transaction: Not disclosed in the filing
• Filing timeliness: Report filed for the period 2026-07-01 (filed same day), not indicated as late

Context
This issuance represents compensation to a non-employee director rather than a purchase from the market. Such fee-based share receipts are common and do not necessarily signal the director’s market view. No information on vesting or resale restrictions was provided in the filing.