Bank of Marin (BMRC) CFO covers tax liability with 296 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Bank of Marin Bancorp’s EVP and Chief Financial Officer, David Bonaccorso, reported a tax-related share disposition. On this Form 4, 296 shares of Common Stock were withheld at $26.15 per share to cover tax obligations tied to equity compensation. After this withholding, he directly holds 17,764 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bonaccorso David
Role
EVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 296 | $26.15 | $8K |
Holdings After Transaction:
Common Stock — 17,764 shares (Direct)
Footnotes (1)
Key Figures
Tax-withholding shares: 296 shares
Withholding price: $26.15 per share
Shares held after transaction: 17,764 shares
3 metrics
Tax-withholding shares
296 shares
Common Stock withheld for tax liability (code F)
Withholding price
$26.15 per share
Price used for tax-withholding disposition
Shares held after transaction
17,764 shares
Direct Common Stock holdings following transaction
Key Terms
tax-withholding disposition, transaction code F, Form 4, Common Stock
4 terms
tax-withholding disposition financial
"reported a tax-related share disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
transaction code F regulatory
"The transaction is coded F, indicating payment of a tax liability"
Form 4 regulatory
"are disclosed on a Form 4 filing"
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.
Common Stock financial
"296 shares of Common Stock were withheld"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Bank of Marin (BMRC) report for its CFO?
Bank of Marin Bancorp’s CFO, David Bonaccorso, reported a tax-related disposition of 296 Common Stock shares. The shares were withheld to satisfy tax obligations linked to equity compensation, rather than sold on the open market, and are disclosed on a Form 4 filing.
Was the Bank of Marin (BMRC) CFO’s transaction an open-market sale?
No. The transaction is coded F, indicating payment of a tax liability by delivering securities. The 296 shares of Common Stock were withheld for taxes related to equity compensation, rather than being sold in an open-market transaction or discretionary share sale.
What does transaction code F mean in the Bank of Marin (BMRC) Form 4?
Transaction code F in this Form 4 indicates a tax-withholding disposition, where shares are delivered to cover tax obligations. For Bank of Marin Bancorp’s CFO, 296 Common Stock shares were withheld at $26.15 per share to satisfy such liabilities tied to equity compensation.