Bennett Thomas A 4

What Happened Thomas A. Bennett, Executive Vice President of Farmers & Merchants Bancorp (FMCB), surrendered 95 shares of common stock on February 4, 2026 to satisfy tax withholding obligations associated with the release of restricted stock. The surrendered shares were valued at $1,160.00 each, for a total value of $110,200. This was a tax-withholding/cashless surrender transaction (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-04. Filing date: 2026-02-06 (filed within the typical 2-business-day Form 4 deadline).
• Shares surrendered: 95 at $1,160.00 per share; total value $110,200.
• Reason: Tax withholding upon release of 242 restricted shares (95 surrendered to cover taxes, implying 147 net shares delivered to the insider).
• Price note: $1,160.00 reflects the market closing price on 2026-02-03 (footnote).
• Shares owned after the transaction: Not specified in the provided filing details.
• Additional footnote: Some shares had been previously held indirectly through the company’s Non‑Qualified Executive Retirement Plans and were distributed by plan trustees on December 10, 2025 for no consideration.

Context This was a routine tax-withholding/cashless surrender tied to a restricted stock release, not a market sale or purchase. Such transactions are common when restricted awards vest and do not necessarily signal the insider’s view on the company’s stock.