Andrew J. Briggs, serving as a director at Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO), has completed a series of stock sales amounting to $257,460. The transactions took place over a three-day period in mid-June, specifically between June 15 and June 17, 2026. During this timeframe, the shares were sold at prices fluctuating between $28.39 and $28.80 per share.
Briggs disposed of a total of 9,000 shares of the company's common stock through these transactions. The breakdown of the sales shows that 3,000 shares were sold on June 15 at $28.80 per share. On June 16, another 3,000 shares were sold at $28.39 per share. The final 3,000 shares were sold on June 17 at $28.63 per share. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan. Following these sales, Briggs directly holds 177,550 shares of Farmers & Merchants Bancorp common stock.
Farmers & Merchants Bancorp Inc. is a financial institution based in Archbold, Ohio. In other recent news, Farmers & Merchants Bancorp, Inc. held its Annual Meeting of Shareholders where eleven directors were re-elected to serve until the 2027 Annual Meeting. The directors include Ahmed Alomari, Ian D. Boyce, Andrew J. Briggs, and others. Additionally, F&M Bank, a subsidiary of Farmers & Merchants Bancorp, announced the promotion of Shalini Singhal to Chief Information and Technology Officer. Singhal will now oversee the bank's technology strategy, digital initiatives, and cybersecurity operations. In a separate development, Farmers & Merchants Bancorp's board of directors approved a 4% increase in its quarterly cash dividend, raising it to $0.23 per share. The dividend will be payable on April 20, 2026, to shareholders recorded by April 3, 2026. These recent developments reflect ongoing strategic decisions within the company.