This post digs into a recent filing from Bank of Marin Bancorp CEO Timothy D. Myers. It reveals that several of his stock option awards expired unexercised, and the related Form 4 was filed late.
If you’re reading from San Rafael, Mill Valley, Larkspur, or anywhere nearby, this story gives a glimpse into how executive compensation tools shape the bank’s ownership. It also hints at what these stock moves might mean for folks keeping an eye on Marin’s financial scene.
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Timeline of option expirations and what expired
Timothy D. Myers’s fully vested options expired in three separate batches. First, 1,300 options with a $22.94 exercise price expired on April 1, 2024. Then, 2,980 options at $25.38 expired on March 2, 2025.
Finally, 5,380 options at $24.83 expired on March 1, 2026. Around Marin, these expirations usually mean missed upside—not active trading. No open-market sales were reported.
The Form 4 filing, which tracks changes in ownership, shows that these expirations didn’t lead to any stock sales or new purchases. The bank’s share count for insiders in Marin stayed the same.
Myers didn’t exercise these options, which matters for investors trying to figure out what’s compensation and what’s a real equity move. The late Form 4 happened because of an administrative oversight.
Even in Marin’s fast-paced banking world, paperwork sometimes falls behind. Myers’s attorney-in-fact signed the document and filed it with the U.S. Securities and Exchange Commission on May 6, 2026.
Why the Form 4 filing arrived late
This late filing just shows how paperwork can get tripped up, especially with executive compensation. In Marin County—from Novato to Fairfax and Tiburon—locals often check Form 4s for signs of insider confidence or worry.
Here, the delay doesn’t point to insider selling or anything sneaky. It’s just a procedural slip, not something that changes ownership or shakes up the bank’s market activity.
Weighing Myers’s holdings and ESOP participation
According to the Form 4, Myers still holds a big chunk of stock directly: 124,173.3268 shares of common stock. He also has 14,786.186 shares indirectly through the bank’s Employee Stock Ownership Plan (ESOP).
This keeps him firmly tied to Bank of Marin Bancorp’s long-term story. Folks in San Rafael, Ross, and NOVATO who follow local corporate moves might recognize this pattern.
The filing also lists several option grants that still have meaningful upside. These grants keep Myers’s compensation linked to the bank’s future and its share price, which is always a hot topic for Marin investors from Sausalito to Corte Madera.
Remaining option grants and potential upside
- 4,629 options at $34.03 expiring March 1, 2032
- 3,616 options at $38.11 expiring October 29, 2031
- Other blocks exercisable through 2029–2032 with strike prices from about $33.58 to $44.45
Myers still holds plenty of leverage tied to Bank of Marin’s stock performance. Investors in San Anselmo, Marinwood, and Mill Valley are probably watching these compensation trends pretty closely.
Implications for Marin County investors and readers
The Form 4 shows no change in common-stock holdings from these expirations. The bank’s equity base for public reporting stays steady, even though some options expired.
For Marin investors, this helps separate compensation mechanics from real changes in ownership. Across San Rafael, Larkspur, and Sausalito, folks might see these details as a reminder: executive compensation often plays out through grants and expirations, not just quick buys or sales in the open market.
Closing takeaways for Marin communities
Marin County towns, from Novato to Berkeley-adjacent, keep a close watch on Bank of Marin Bancorp’s leadership. This latest Form 4 filing draws a pretty clear line: those expired options mean a loss of potential gains, not some grand exit or sudden cash grab.
For San Rafael families invested in the local economy, it’s a reminder that the bank’s leadership still ties itself to the company’s future through direct and ESOP ownership. That connection isn’t going anywhere, at least for now.
Readers in Ross and Woodacre might want to keep an eye on upcoming filings for any shifts in option blocks or fresh grant activity. It’s worth watching how these moves might ripple through Marin’s financial scene—because honestly, you never know what’s coming next.
Here is the source article for this story: Bank of Marin CEO reports option expirations
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