FARMERS & MERCHANTS BANCORP EVP David Zitterow Surrenders 236 Shares

What Happened David Zitterow, EVP and Director of Banking at Farmers & Merchants Bancorp (FMCB), surrendered 236 shares on 2026-08-04 to satisfy tax withholding obligations tied to the accelerated vesting and settlement of restricted stock awards. The shares were valued at $1,385.00 each (total $326,860), based on the market close price referenced in the filing.

Key Details

• Transaction date: 2026-08-04; filing date: 2026-08-05 (filed the next day).
• Shares surrendered: 236 at $1,385.00 per share; total value $326,860.
• Transaction code: F (payment of exercise price or tax liability — here used for tax withholding).
• Reason: Shares surrendered to satisfy tax withholding upon acceleration and settlement of Restricted Stock Awards originally granted 2/3/2025 with a final vesting date of 2/3/2027; the Personnel Committee approved full acceleration on 8/4/2026 (footnote).
• Price reference: $1,385.00 reflects market closing price on 8/3/2026 (per filing footnote).
• Shares owned after the transaction: not specified in this Form 4.

Context This was a tax-withholding surrender tied to accelerated vesting of restricted stock — effectively a net-share settlement — not an open-market sale or purchase. Such transactions are routine administrative actions to cover tax obligations and do not necessarily indicate the insider’s view on the company’s stock. The filing was timely (submitted the day after the reported transaction).