secwatch.observer — SEC 8-K summary
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Issuer:     Farmers & Merchants Bancshares, Inc. (FMFG)
CIK:        0001698022
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0001437749-23-028823
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmers & Merchants Bancshares grants CEO Gary Harris 3,000 RSUs vesting over 3 years
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- RSUs vest in 3 equal tranches of 1,000 shares on Sep 22, 2024, 2025, and 2026.
- Grant effective Sep 22, 2023; agreement signed Oct 24, 2023 under 2023 Equity Compensation Plan.
- No stockholder rights (voting or dividends) until settlement in common shares after each vesting.
- Award contains customary forfeiture and clawback provisions; no performance conditions attached.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698022/000143774923028823/0001437749-23-028823-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698022/000143774923028823/fmfg20231018_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-028823

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer