4Filed Aug 4, 8:00 PM ET

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

$FMCB · FARMERS & MERCHANTS BANCORP

Research Summary

AI-generated summary of this SEC filing

Updated

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.