FARMERS & MERCHANTS (FMCB) EVP Thomas Bennett Surrenders 131 Shares

What Happened Thomas A. Bennett, EVP & Enterprise Risk Officer of Farmers & Merchants Bancorp (FMCB), surrendered 131 shares of company common stock on 2026-08-04 to satisfy tax withholding obligations. The filing reports a per-share value of $1,385.00, for a total of $181,435 (transaction code F — tax withholding/disposal). The shares relate to accelerated vesting and settlement of restricted stock awards.

Key Details

• Transaction date: 2026-08-04; filed with the SEC on 2026-08-05 (timely).
• Disposed: 131 shares at $1,385.00 per share; total value reported $181,435.
• Shares owned after transaction: not specified in this filing.
• Footnotes: (F1) Shares were surrendered to satisfy tax withholding upon release of accelerated vesting of restricted stock awards originally granted 2/3/2025 (final vesting date 2/3/2027); the Personnel Committee approved full acceleration on 8/4/2026. (F2) Reflects market closing price on 8/3/2026.
• Transaction type: tax-withholding surrender (not an open-market sale or purchase).

Context This was a withholding/surrender of vested award shares to cover taxes — a routine administrative transaction common when restricted stock vests. Such transactions are not necessarily a signal of the insider’s view on the company's stock; they simply satisfy tax obligations upon vesting.