Farmers & Merchants Bancorp: EVP Harper Troy sold 18 shares

What happened Harper Troy, executive vice president, surrendered 18 shares to satisfy tax withholding upon the release of restricted stock. The Form 4 reports the disposition of 18 shares at $1,435.60 per share, totaling $25,841, on Oct 14, 2026.

Key details

• Transaction date and price: Oct 14, 2026 — 18 shares disposed at $1,435.60 per share for $25,841. Transaction code: F (tax withholding).
• Shares owned after the transaction: not reported in this Form 4.
• Footnotes from the filing:
  • F1: 18 shares were surrendered to the issuer to satisfy the reporting person’s tax withholding obligations upon the release of 48 shares of restricted stock on Oct 14, 2026.
  • F2: price reflects market closing price on Oct 13, 2026.
• Filing date: Oct 14, 2026. The Form 4 does not indicate a late filing.

Why it may matter

• This transaction was a tax-withholding surrender of shares tied to the release of restricted stock, not an open-market sale unrelated to vesting.
• A filing does not show why the insider traded or why the company acted.