Russell Colombo, president and CEO of Novato, Calif.-based Bank of Marin Bancorp and Bank of Marin, entered into a Rule 10b5-1 trading plan on Aug. 30.
The plan provides for the sale of up to 10,000 shares of Bank of Marin Bancorp common stock over time. Trades under the plan will not begin until Sept. 16.
Colombo will continue to maintain significant ownership of Bank of Marin Bancorp shares. He entered into the plan based on the advice of his financial adviser for purposes of diversifying his equity investments, according to a filing.
