FMCB EVP Harper Troy Surrenders 144 Shares for Tax Withholding

What Happened Harper Troy, Executive Vice President and Chief Administrative Officer of Farmers & Merchants Bancorp (FMCB), surrendered 144 shares of FMCB common stock on 2026-08-04 to satisfy tax withholding obligations. The shares were valued at $1,385.00 each (total value ≈ $199,440), and the disposition is recorded as a tax-withholding event rather than an open-market sale.

Key Details

• Transaction date: 2026-08-04; filing date: 2026-08-05 (timely — within the Form 4 reporting window).
• Price used: $1,385.00 per share (reflects market close on 2026-08-03).
• Shares surrendered/disposed: 144 shares; total value ≈ $199,440.
• Transaction code: F — shares surrendered to satisfy tax withholding.
• Shares owned after transaction: not specified in this Form 4.
• Notable footnote: The shares were surrendered to cover tax withholding upon the accelerated release and settlement of Restricted Stock Awards originally granted on 02/03/2025 (final vesting was 02/03/2027); the Personnel Committee approved acceleration in full on 08/04/2026.

Context This was a tax-withholding/share-surrender event tied to accelerated vesting of restricted stock — a routine administrative transaction that does not necessarily indicate insider sentiment about the company. In practice, companies often accept shares back (or withhold shares) to cover payroll taxes when awards vest; this differs from an open-market sale where an insider sells shares for cash.