Zitterow David 4
4 · FARMERS & MERCHANTS BANCORP · Filed Feb 6, 2026
Research Summary
AI-generated summary of this filing
FMCB EVP David Zitterow Surrenders 162 Shares for Taxes
What Happened
- David Zitterow, Executive Vice President of Farmers & Merchants Bancorp (FMCB), surrendered 162 shares of common stock on 2026-02-04 to satisfy tax withholding obligations related to the release of 436 restricted shares.
- The surrendered shares were valued at $1,160.00 each (total $187,920). After withholding 162 shares, Zitterow received a net 274 shares from the RSU release (436 released − 162 surrendered).
- This was a tax-withholding disposition (routine), not an open-market sale or a new purchase.
Key Details
- Transaction date: 2026-02-04; Form 4 filed: 2026-02-06 (appears timely).
- Price used for withholding: $1,160.00 per share (footnote cites market close on 2026-02-03).
- Shares surrendered/disposed: 162; value: $187,920.
- Restricted shares released: 436 (per footnote); net shares issued to insider: 274.
- Shares owned after the transaction: not specified in this filing.
- Transaction code: F (payment of exercise price or tax liability / tax withholding).
Context
- This is a common, administrative insider filing: restricted stock vested and shares were automatically surrendered to cover taxes. It does not represent an open-market sale decision and should be interpreted as a routine tax-withholding action rather than a directional buy/sell signal.
Insider Transaction Report
Form 4
Zitterow David
Executive Vice President
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-02-04$1160.00/sh−162$187,920→ 2,422 total
Footnotes (2)
- [F1]Represents the number of shares of Issuer's common stock that Reporting Person surrendered to Issuer for the satisfaction of Reporting Person's tax withholding obligations upon the release of 436 shares of restricted stock on 2/4/26.
- [F2]Reflects market closing price on 2/3/2026.
Signature
Zitterow David|2026-02-04