Bank of Marin (BMRC) Director Watson Secil Tabli Receives 849 Shares

What Happened

Watson Secil Tabli, a director of Bank of Marin Bancorp (BMRC), was credited with 849 shares on July 1, 2026. The shares were recorded at $28.94 each for a total value of $24,570. This was an acquisition reported under Form 4 code J and, per the filing footnote, the shares were received as payment of a director fee (F1) rather than via an open‑market purchase.

Key Details

• Transaction date: 2026-07-01
• Transaction type/code: Other acquisition or disposition (Code J) — acquisition of 849 shares
• Price per share: $28.94; Total value: $24,570
• Shares owned after transaction: Not specified in the provided filing extract
• Footnote: F1 — shares received in payment of director fee
• Filing timeliness: Report filed on 2026-07-01 (same day as the reported transaction); no late filing indicated in the supplied data

Context

Receiving shares as director compensation is a routine form of non-cash pay and increases the insider's stake, but it does not necessarily signal a personal purchase decision or specific view on the stock. Retail investors may find purchases or acquisitions more informative when they come from open‑market buys or repeated personal purchases over time.