Andrew J Briggs, a director at Farmers & Merchants Bancorp Inc. (NASDAQ:FMAO), recently sold shares of common stock totaling $159,690.
According to a Form 4 filing with the SEC, Briggs disposed of 3,000 shares on May 14 at $26.66 each, and another 3,000 shares on May 15 at $26.57 each.
Following the sales, Briggs directly holds 243,085 shares of FMAO common stock.
In other news, the company announced a 4% increase in its quarterly cash dividend to $0.23 per share. At the annual meeting, eleven directors were re-elected.
F&M Bank promoted Shalini Singhal to Chief Information and Technology Officer.
