Farmers & Merchants Bancorp (FMCB) CFO Bart Olson Receives Restricted Stock

What Happened

• Bart R. Olson, Executive Vice President and Chief Financial Officer of Farmers & Merchants Bancorp (FMCB), was granted two restricted stock awards (RSAs) on August 3, 2026: 804 shares (one‑year vesting) and 925 shares (four‑year ratable vesting). Each award used a 30‑day VWAP of $1,346.32, valuing the grants at approximately $1,082,441 and $1,245,346 respectively (total ≈ $2.33M). These were reported as acquisitions (code A) — compensation awards, not open‑market purchases.

Key Details

• Transaction dates: August 3, 2026 (grants).
• Price used: $1,346.32 per share (30‑day VWAP as of 08/03/2026).
• Shares granted: 804 (vests over 1 year) and 925 (vests ratably over 4 years); total 1,729 shares.
• Total reported value: $1,082,441 and $1,245,346 (combined ≈ $2,327,787).
• Change in previously reported holdings: 666 shares previously reported as directly held were transferred to a family trust and are now held indirectly.
• Filing status: This is an amended Form 4. The two RSA grants were inadvertently omitted from the original Form 4 filed Aug 5, 2026 and are now disclosed (late/amended filing).
• Shares owned after transaction: total beneficial ownership after these grants is not specified in the provided excerpt—see the amended Form 4 for full holdings.

Context

• These are restricted stock awards (compensation grants) that vest over time; they are not immediate sales or market purchases and do not by themselves indicate a buy/sell decision by the insider.
• The transfer of 666 shares to a family trust is a change in form of ownership (indirect holding), not a sale or gift that necessarily reflects market sentiment.