FMAO Director Ian D. Boyce Receives 176-Share Award

What Happened Ian D. Boyce, a director of FARMERS & MERCHANTS BANCORP, received an award of 176 shares on 2026-09-18. The shares were recorded at $35.67 each, for a total value of $6,278. This was an award/acquisition (code A) — a form of director compensation rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-18; Filing date: 2026-09-21 (Accession 0001193125-26-396768).
• Shares & price: 176 shares at $35.67 per share; total value $6,278.
• Transaction type: Award/Grant (SEC code A).
• Shares owned after the transaction: Not reported in this Form 4.
• Footnote: Represents one-half of this director's compensation for July, August & September 2026.
• No indication in this filing of an associated sale, option exercise, or tax-withholding disposition.

Context Director awards like this are typically routine compensation and don’t necessarily signal the director’s personal bullish or bearish view. The amount is modest (~$6.3K) relative to most institutional scales; retail investors should treat it as routine director pay unless followed by larger or repeated insider purchases/sales.