Bank of Marin (BMRC) CFO David Bonaccorso Surrenders 273 Shares for Taxes

What Happened

• David Bonaccorso, CFO of Bank of Marin Bancorp (BMRC), had 273 shares disposed on 2026-09-22 as a payment to cover tax liability (transaction code F). The shares were recorded at $28.00 each, totaling $7,644. This was a tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-09-22; filing date: 2026-09-24 (Form 4) — appears timely.
• Price per share: $28.00; shares disposed: 273; total value: $7,644.
• Transaction code: F — payment of exercise price or tax liability (share surrender/withholding).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Not reported as part of a 10b5-1 plan or flagged as late in the provided data.

Context

• Code F transactions typically reflect shares withheld to satisfy taxes from an earlier option exercise or equity award. This is a routine administrative disposition and is not the same as a voluntary open-market sale signaling a change in sentiment.