FMCB Director Kevin Sanguinetti Receives Restricted Stock Award

What Happened
Kevin Sanguinetti, a director of Farmers & Merchants Bancorp (FMCB), was granted two restricted stock awards on August 3, 2026 totaling 310 shares. The awards were valued using a 30-day VWAP of $1,346.32 per share, equaling about $80,779 for 60 shares and $336,580 for 250 shares (total ≈ $417,359). These are grants (transaction code A), not open-market purchases or sales — they represent compensation/awards that vest over time.

Key Details

• Transaction date: August 3, 2026; Form 4 filed Aug 25, 2026 (filed late relative to the standard 2-business-day rule).
• Price used: $1,346.32 per share (30-day volume-weighted average price after market close Aug 3, 2026).
• Shares granted: 60-share RSA (vests over one year); 250-share special RSA (vests ratably over four years).
• Total granted: 310 shares, total value ≈ $417,359.
• Shares owned after transaction: not stated in the provided excerpt.
• Transaction code: A = Award/Grant. No 10b5-1 plan, tax withholding, or sale indicated in the filing excerpt.

Context
Restricted stock awards (RSAs) are typically compensation that vest over time; they are not a direct market purchase signaling immediate insider buying. Vesting schedules (one-year and ratable four-year) mean Sanguinetti must remain with the company for the awards to fully convert to unrestricted shares. The late filing delays public disclosure beyond the usual 2-business-day window, which investors should note.