FMCB Director James Craig Receives Restricted Stock Award

What Happened
James Craig, a director of Farmers & Merchants Bancorp (FMCB), was granted restricted stock awards on August 3, 2026 totaling 310 shares. The grants consist of 60 shares valued at $1,346.32 per share (total $80,779) that vest over one year, and a special one‑time grant of 250 shares at $1,346.32 per share (total $336,580) that vest ratably over four years. These were awards (code A), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-08-03; Filing date (Form 4): 2026-08-25 (appears late; Form 4s are typically due within two business days).
• Reported per‑share valuation: $1,346.32 (30‑day VWAP after close on Aug 3, 2026).
• Shares granted: 60 (1‑year vesting) + 250 (vests ratably over 4 years) = 310 total; reported total value ≈ $417,359.
• Shares owned after transaction: Not specified in the provided filing.
• Notable footnotes: 322 shares previously held indirectly via the company’s non‑qualified executive retirement plans were distributed to the reporting person on Dec 10, 2025 and reclassified as direct holdings.

Context
Restricted stock awards are compensation grants that vest over time and generally cannot be sold until vested; the reported VWAP is a valuation method and does not indicate cash paid by the insider. Awards and internal distributions (like the December 2025 plan distribution) are routine corporate compensation events and do not by themselves indicate the insider’s intent to buy or sell shares.