Campbell Brandi 4

What Happened

• Brandi Campbell, Executive Vice President of Bank of Marin Bancorp (BMRC), had 2,817 performance-based restricted shares cancelled/forfeited on 2026-03-25. The transaction is coded as an "other disposition" (J) and was reported on a Form 4 filed 2026-03-27. Price per share reported $0.00, total proceeds $0 — this was a forfeiture/cancellation, not an open-market sale.

Key Details

• Transaction date: 2026-03-25; Form 4 filed: 2026-03-27.
• Shares affected: 2,817 restricted shares; reported price: $0.00; total value: $0.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes:
  • F1: These were performance-based restricted shares granted in 2023 with three-year cliff vesting; performance goals were not met, resulting in 0% payout and forfeiture for no consideration (this explains the $0 disposition).
  • F2: Notes an exercisability schedule ("exercisable 33% per year..."); appears to describe other awards/options and is not the reason for this forfeiture.
• Transaction code J = "other acquisition or disposition" (here used for forfeiture/cancellation).

Context

• This was a compensation-related forfeiture of unvested performance shares due to unmet performance targets, not a market sale by the insider. Such forfeitures are routine under performance-based pay programs and do not directly indicate insider buying or selling sentiment.