FMCB CFO Bart R. Olson Surrenders 486 Shares for Tax Withholding

What Happened Bart R. Olson, Executive Vice President and Chief Financial Officer of Farmers & Merchants Bancorp (FMCB), surrendered 486 shares of common stock to satisfy tax withholding obligations. The shares were valued at $1,385.00 each (market close 8/3/2026), for a total of $673,110. This was a tax-withholding disposition tied to the accelerated release and settlement of restricted stock awards.

Key Details

• Transaction date: August 4, 2026; Form 4 filed August 5, 2026 (timely).
• Disposition: 486 shares surrendered for tax withholding (transaction code F).
• Price used: $1,385.00 per share (market closing price on 8/3/2026); total value $673,110.
• Shares owned after transaction: not specified in the provided filing.
• Notable footnotes:
  • F2: Shares were surrendered to satisfy tax withholding upon accelerated vesting/settlement of Restricted Stock Awards originally granted Feb 3, 2025, with final vesting date Feb 3, 2027; the full acceleration was approved by the issuer's Personnel Committee on Aug 4, 2026.
  • F1: Since the prior report, 666 shares were moved from direct to indirect ownership with no change in overall ownership.
  • F3: Price reflects market close on 8/3/2026.

Context This was a routine tax-withholding transaction (not an open-market sale or purchase) resulting from accelerated vesting of previously granted restricted stock. Such surrenders to cover tax obligations are common and should not be interpreted as a straightforward buy/sell signal about the insider’s view of the stock.