Bank of Marin (BMRC) EVP Brandi Campbell Receives ESOP Shares

What Happened

• Brandi Campbell, Executive Vice President of Bank of Marin Bancorp (BMRC), acquired a total of 1,801.44 shares through ESOP allocations and dividend reinvestment. The transactions were recorded as "other acquisition or disposition (J)" and show $0 cash paid (these are plan allocations/dividend reinvestments, not open-market purchases).
• Breakdown by date: 770.54 shares on 2024-12-31 (F1), 838.32 shares on 2025-12-31 (F2), 123.70 shares on 2025-12-31 (dividend reinvestment, F3), and 68.88 shares on 2026-05-14 (dividend reinvestment, F4). Total shares acquired = 1,801.44; reported price = $0.00.

Key Details

• Transaction codes: all reported as "J" (other acquisition/disposition).
• Dates and amounts: 12/31/2024 — 770.54 shares (F1); 12/31/2025 — 838.32 shares (F2) and 123.70 shares (F3); 05/14/2026 — 68.88 shares (F4).
• Price: $0.00 per share (ESOP allocation / dividend reinvestment).
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 = 2024 ESOP allocation posted 12/31/2024; F2 = 2025 ESOP allocation posted 12/31/2025; F3/F4 = additional ESOP shares from dividend reinvestment in 2025/2026; F5 (included in filing) notes a 33% per year exercisable schedule — likely a vesting note but not directly tied to these $0 ESOP allocations.
• Timeliness: Filing date 2026-07-28 covers transactions back to 2024–2026 and appears to be late relative to the usual 2-business-day Form 4 reporting requirement.

Context

• These were plan allocations and dividend reinvestments credited to an employee ESOP account, not open-market purchases — such entries typically reflect compensation or retirement-plan credits rather than a discretionary market buy signal.
• (J) code simply indicates "other acquisition/disposition"; investors should treat ESOP credits as routine compensation/plan activity.