Vernon David P 4

What Happened
Vernon David, a director of Farmers & Merchants Bancorp, reported receiving an award of 645 shares on June 4, 2026. The shares were reported at $27.14 each, for a total reported acquisition value of $17,505. This transaction is an award/grant (Form 4 transaction code "A") — an acquisition via company compensation rather than an open-market purchase.

Key Details

• Transaction date: 2026-06-04; Price per share: $27.14; Total value: $17,505.
• Transaction type: Award/Grant (Form 4 code A).
• Shares owned after transaction: Not specified in the provided filing.
• No 10b5-1 plan, tax withholding, or other footnotes were disclosed in the information provided.
• Filing timeliness: Reported on 2026-06-04 (no late-filing indication in the provided data).

Context
Awards are typically compensation (e.g., restricted stock or similar) and do not necessarily reflect an insider buying shares on the open market; they are common for directors and officers. Such grants should be monitored alongside vesting terms and any subsequent sales to assess insider conviction, but this single award alone is not a direct buy/sell signal.