Bank of Marin (NASDAQ: BMRC) EVP reports option expirations and holdings update
Rhea-AI Filing Summary
Bank of Marin Bancorp executive vice president Misako reported the expiration of several older stock option grants with no open‑market trades. Options to buy 520 shares at $22.94 expired on April 1, 2024, 820 shares at $25.38 expired on March 2, 2025, and 900 shares at $24.83 expired on March 1, 2026, all unexercised. After these changes, Misako holds 27,785 shares of Bank of Marin Bancorp common stock directly, 4,623.5366 shares indirectly through an ESOP, and multiple remaining stock option awards with exercise prices between $33.58 and $44.45. Footnotes state the Form 4s for the expired grants were filed late due to administrative oversight.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Stewart Misako
Role
EXECUTIVE VICE PRESIDENT
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| H | Stock Options (Right to Buy) | 900 | $0.00 | -- |
| H | Stock Options (Right to Buy) | 820 | $0.00 | -- |
| H | Stock Options (Right to Buy) | 520 | $0.00 | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Stock Options (Right to Buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 0 shares (Direct);
Common Stock — 27,785 shares (Direct);
Common Stock — 4,623.537 shares (Indirect, BY ESOP)
Footnotes (1)
- The stock option was granted on April 1, 2014 and vested in equal annual installments over five years, becoming fully exercisable on April 1, 2019. The option expired unexercised on April 1, 2024. This Form 4 is being filed late due to an administrative oversight. Exercisable 20% per year beginning on first anniversary date of grant. The stock option was granted on March 2, 2015 and vested in equal annual installments over three years, becoming fully exercisable on March 2, 2018. The option expired unexercised on March 2, 2025. This Form 4 is being filed late due to an administrative oversight. Exercisable 33% per year beginning on the first anniversary date of grant. The stock option was granted on March 1, 2016 and vested in equal annual installments over three years, becoming fully exercisable on March 1, 2019. The option expired unexercised on March 1, 2026. This Form 4 is being filed late due to an administrative oversight.
Key Figures
Expired options: 520 shares at $22.94
Expired options: 820 shares at $25.38
Expired options: 900 shares at $24.83
+5 more
8 metrics
Expired options
520 shares at $22.94
Option on Common Stock expired unexercised on April 1, 2024
Expired options
820 shares at $25.38
Option on Common Stock expired unexercised on March 2, 2025
Expired options
900 shares at $24.83
Option on Common Stock expired unexercised on March 1, 2026
Direct common shares
27,785.0000 shares
Common Stock directly owned as of April 1, 2024
Indirect ESOP shares
4,623.5366 shares
Common Stock held indirectly BY ESOP as of April 1, 2024
Remaining option position
1,194 shares at $34.03
Stock Options (Right to Buy), expiration March 1, 2032
Remaining option position
1,676 shares at $38.11
Stock Options (Right to Buy), expiration October 29, 2031
Remaining option position
620 shares at $44.45
Stock Options (Right to Buy), expiration March 1, 2029
Key Terms
Stock Options (Right to Buy), derivative expiration/cancellation, ESOP, Form 4, +1 more
5 terms
Stock Options (Right to Buy) financial
"security_title": "Stock Options (Right to Buy)""
derivative expiration/cancellation financial
"transaction_action": "derivative expiration/cancellation""
ESOP financial
"nature_of_ownership": "BY ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
Form 4 regulatory
"This Form 4 is being filed late due to an administrative oversight"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
administrative oversight regulatory
"being filed late due to an administrative oversight"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Bank of Marin (BMRC) executive Misako report in this Form 4?
Misako reported that several older stock option grants expired unexercised, covering 520, 820, and 900 underlying shares. These were compensation-related derivatives, with no open-market share purchases or sales disclosed in the transactions.
What stock options for Bank of Marin (BMRC) expired for Misako?
Options to buy 520 shares at $22.94 expired on April 1, 2024, 820 shares at $25.38 expired on March 2, 2015, and 900 shares at $24.83 expired on March 1, 2026, each unexercised according to the footnotes.
What Bank of Marin (BMRC) stock options does Misako still hold?
Misako retains multiple option grants on Bank of Marin common stock, including 1,194 shares at $34.03, 1,676 shares at $38.11, and several others with exercise prices up to $44.45, expiring between 2027 and 2032.
Why were some Bank of Marin (BMRC) option expirations reported late?
Footnotes explain that options expiring on April 1, 2024, March 2, 2025, and March 1, 2026 were reported late due to administrative oversight. The notes also describe each grant’s vesting schedule and confirm they expired unexercised on the stated dates.