Eller Lars B 4

What Happened

• Lars B. Eller, President & CEO and a director of Farmers & Merchants Bancorp, was granted 5,374 restricted shares (code A) on March 2, 2026 at an implicit value of $25.86 per share, totaling $138,972. This was a stock award issued under the company’s Long‑Term Stock Incentive Plan (see footnote F1).

Key Details

• Transaction date and price: 2026-03-02; 5,374 shares at $25.86/share (total ~$138,972).
• Type of transaction: Award/grant of restricted stock (Form 4 code A).
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 — shares are restricted stock issued under the Company’s Long‑Term Stock Incentive Plan.
• Filing timeliness: Reported on Form 4 filed 2026-03-03 (one day after the reported transaction); no late‑filing flag in the report.

Context

• Restricted stock awards are typically subject to vesting and forfeiture conditions, so these shares may not be immediately saleable. Such awards reflect compensation and retention practices rather than an open‑market purchase or sale. This is an acquisition by grant, not a sale or exercise; retail investors should treat it as executive compensation information rather than a direct market vote by the insider.