Peter Pelham
First SEC filing: July 10, 2007 · Latest: Feb. 11, 2014
Insider at
Insider transactions
Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| March 24, 2020 | BMRC | F | 398 | $27.50 | $10,945 | 13,332 Direct | -2.90% | Disposed | 0.8% (price as of 2026-10-02) |
| March 24, 2020 | BMRC | D | 647 | · | · | 13,730 Direct | -4.50% | Disposed | (price as of 2026-10-02) |
| March 2, 2020 | BMRC | A | 2,460 | · | · | 14,451 Direct | +20.52% | Acquired | (price as of 2026-10-02) |
| March 2, 2020 | BMRC | A | 2,520 | $40.10 | $101,052 | 2,520 Direct | · | Acquired | -30.9% (price as of 2026-10-02) |
| March 2, 2020 | BMRC | F | 74 | $40.10 | $2,967 | 14,377 Direct | -0.51% | Disposed | -30.9% (price as of 2026-10-02) |
| Feb. 21, 2020 | BMRC | M | 5,060 | $25.38 | $128,423 | 140 Direct | -97.31% | Disposed | 9.2% (price as of 2026-10-02) |
| Feb. 21, 2020 | BMRC | S | 5,060 | $43.67 | $220,970 | 11,991 Direct | -29.68% | Disposed | -36.5% (price as of 2026-10-02) |
| Feb. 21, 2020 | BMRC | M | 5,060 | $25.38 | $128,423 | 17,051 Direct | +42.20% | Acquired | 9.2% (price as of 2026-10-02) |
| Feb. 12, 2020 | BMRC | M | 3,100 | $22.94 | $71,114 | 0 Direct | -100.00% | Disposed | 20.8% (price as of 2026-10-02) |
| Feb. 12, 2020 | BMRC | M | 3,200 | $19.68 | $62,976 | 0 Direct | -100.00% | Disposed | 40.8% (price as of 2026-10-02) |
| Feb. 12, 2020 | BMRC | S | 6,300 | $43.97 | $277,011 | 11,991 Direct | -34.44% | Disposed | -37.0% (price as of 2026-10-02) |
| Feb. 12, 2020 | BMRC | M | 3,100 | $22.94 | $71,114 | 18,291 Direct | +20.41% | Acquired | 20.8% (price as of 2026-10-02) |
| Feb. 12, 2020 | BMRC | M | 3,200 | $19.68 | $62,976 | 15,191 Direct | +26.69% | Acquired | 40.8% (price as of 2026-10-02) |
| Feb. 4, 2020 | BMRC | M | 5,300 | $19.09 | $101,177 | 0 Direct | -100.00% | Disposed | 45.2% (price as of 2026-10-02) |
| Feb. 4, 2020 | BMRC | S | 5,300 | $44.86 | $237,758 | 11,991 Direct | -30.65% | Disposed | -38.2% (price as of 2026-10-02) |
| Feb. 4, 2020 | BMRC | M | 5,300 | $19.09 | $101,177 | 17,291 Direct | +44.20% | Acquired | 45.2% (price as of 2026-10-02) |
| Jan. 21, 2020 | BMRC | M | 3,300 | $19.00 | $62,700 | 0 Direct | -100.00% | Disposed | 45.8% (price as of 2026-10-02) |
| Jan. 21, 2020 | BMRC | F | 1,421 | $44.10 | $62,666 | 11,991 Direct | -10.59% | Disposed | -37.2% (price as of 2026-10-02) |
| Jan. 21, 2020 | BMRC | M | 3,300 | $19.00 | $62,700 | 13,412 Direct | +32.63% | Acquired | 45.8% (price as of 2026-10-02) |
| Jan. 10, 2020 | BMRC | M | 3,500 | $16.55 | $57,925 | 0 Direct | -100.00% | Disposed | 67.4% (price as of 2026-10-02) |
| Jan. 10, 2020 | BMRC | M | 3,500 | $16.55 | $57,925 | 10,112 Direct | +52.93% | Acquired | 67.4% (price as of 2026-10-02) |
| Oct. 24, 2019 | BMRC | S | 100 | $43.72 | $4,372 | 6,612 Direct | -1.49% | Disposed | -36.6% (price as of 2026-10-02) |
| Oct. 24, 2019 | BMRC | S | 245 | $43.71 | $10,709 | 6,712 Direct | -3.52% | Disposed | -36.6% (price as of 2026-10-02) |
| Oct. 24, 2019 | BMRC | S | 2,900 | $43.78 | $126,962 | 6,957 Direct | -29.42% | Disposed | -36.7% (price as of 2026-10-02) |
| Sept. 5, 2019 | BMRC | S | 3,000 | $40.10 | $120,300 | 9,857 Direct | -23.33% | Disposed | -30.9% (price as of 2026-10-02) |
| July 26, 2019 | BMRC | S | 3,109 | $43.39 | $134,900 | 12,857 Direct | -19.47% | Disposed | -36.1% (price as of 2026-10-02) |
| July 25, 2019 | BMRC | S | 200 | $43.17 | $8,634 | 15,966 Direct | -1.24% | Disposed | -35.8% (price as of 2026-10-02) |
| July 25, 2019 | BMRC | S | 191 | $43.15 | $8,242 | 16,166 Direct | -1.17% | Disposed | -35.8% (price as of 2026-10-02) |
| May 10, 2019 | BMRC | J | 53 | · | · | 11,680 Indirect | +0.46% | Acquired | (price as of 2026-10-02) |
| May 9, 2019 | BMRC | S | 624 | $41.45 | $25,865 | 16,357 Direct | -3.67% | Disposed | -33.1% (price as of 2026-10-02) |
| April 25, 2019 | BMRC | S | 2,818 | $41.93 | $118,159 | 16,981 Direct | -14.23% | Disposed | -33.9% (price as of 2026-10-02) |
| March 21, 2019 | BMRC | F | 461 | $40.83 | $18,823 | 19,799 Direct | -2.28% | Disposed | -32.1% (price as of 2026-10-02) |
| March 21, 2019 | BMRC | D | 790 | · | · | 20,260 Direct | -3.75% | Disposed | (price as of 2026-10-02) |
| March 1, 2019 | BMRC | F | 170 | $44.45 | $7,556 | 21,050 Direct | -0.80% | Disposed | -37.7% (price as of 2026-10-02) |
| March 1, 2019 | BMRC | A | 600 | · | · | 21,220 Direct | +2.91% | Acquired | (price as of 2026-10-02) |
| March 1, 2019 | BMRC | A | 1,510 | · | · | 20,620 Direct | +7.90% | Acquired | (price as of 2026-10-02) |
| Feb. 15, 2019 | BMRC | J | 49 | · | · | 11,626 Indirect | +0.42% | Acquired | (price as of 2026-10-02) |
| Feb. 5, 2019 | BMRC | X | 8,000 | $11.12 | $88,960 | 0 Direct | -100.00% | Disposed | 149.2% (price as of 2026-10-02) |
| Feb. 5, 2019 | BMRC | S | 8,000 | $41.91 | $335,280 | 19,110 Direct | -29.51% | Disposed | -33.9% (price as of 2026-10-02) |
| Feb. 5, 2019 | BMRC | X | 8,000 | $11.12 | $88,960 | 27,110 Direct | +41.86% | Acquired | 149.2% (price as of 2026-10-02) |
| Dec. 31, 2018 | BMRC | J | 353 | · | · | 11,577 Indirect | +3.15% | Acquired | (price as of 2026-10-02) |
| Nov. 27, 2018 | BMRC | J | 275 | · | · | 550 Indirect | +100.00% | Acquired | (price as of 2026-10-02) |
| Nov. 27, 2018 | BMRC | J | 279 | · | · | 558 Indirect | +100.00% | Acquired | (price as of 2026-10-02) |
| Nov. 27, 2018 | BMRC | J | 5,612 | · | · | 11,223 Indirect | +100.02% | Acquired | (price as of 2026-10-02) |
| Nov. 27, 2018 | BMRC | J | 9,555 | · | · | 19,110 Direct | +100.00% | Acquired | (price as of 2026-10-02) |
| Nov. 8, 2018 | BMRC | J | 23 | · | · | 5,612 Indirect | +0.41% | Acquired | (price as of 2026-10-02) |
| Aug. 30, 2018 | BMRC | S | 1,672 | $88.44 | $147,872 | 0 Indirect | -100.00% | Disposed | -37.3% (price as of 2026-10-02) |
| Aug. 13, 2018 | BMRC | J | 6 | · | · | 1,672 Indirect | +0.36% | Acquired | (price as of 2026-10-02) |
| Aug. 10, 2018 | BMRC | J | 21 | · | · | 5,589 Indirect | +0.38% | Acquired | (price as of 2026-10-02) |
| June 4, 2018 | BMRC | S | 1,000 | $80.26 | $80,260 | 9,556 Direct | -9.47% | Disposed | -30.9% (price as of 2026-10-02) |
| May 11, 2018 | BMRC | J | 7 | · | · | 1,666 Indirect | +0.42% | Acquired | (price as of 2026-10-02) |
| May 11, 2018 | BMRC | J | 23 | · | · | 5,569 Indirect | +0.41% | Acquired | (price as of 2026-10-02) |
| April 3, 2018 | BMRC | F | 60 | $68.35 | $4,101 | 10,556 Direct | -0.57% | Disposed | -18.9% (price as of 2026-10-02) |
| April 3, 2018 | BMRC | F | 127 | $69.50 | $8,826 | 10,616 Direct | -1.18% | Disposed | -20.3% (price as of 2026-10-02) |
| April 3, 2018 | BMRC | D | 410 | · | · | 10,743 Direct | -3.68% | Disposed | (price as of 2026-10-02) |
| March 1, 2018 | BMRC | A | 350 | · | · | 11,153 Direct | +3.24% | Acquired | (price as of 2026-10-02) |
| March 1, 2018 | BMRC | A | 200 | · | · | 10,803 Direct | +1.89% | Acquired | (price as of 2026-10-02) |
| March 1, 2018 | BMRC | A | 940 | · | · | 10,603 Direct | +9.73% | Acquired | (price as of 2026-10-02) |
| Feb. 9, 2018 | BMRC | J | 7 | · | · | 1,659 Indirect | +0.42% | Acquired | (price as of 2026-10-02) |
| Feb. 9, 2018 | BMRC | J | 23 | · | · | 5,546 Indirect | +0.42% | Acquired | (price as of 2026-10-02) |
| Feb. 9, 2018 | BMRC | G | 25 | · | · | 275 Indirect | +10.00% | Acquired | (price as of 2026-10-02) |
| Feb. 9, 2018 | BMRC | G | 25 | · | · | 279 Indirect | +9.84% | Acquired | (price as of 2026-10-02) |
| Feb. 9, 2018 | BMRC | G | 50 | · | · | 9,663 Direct | -0.51% | Disposed | (price as of 2026-10-02) |
| Jan. 12, 2018 | BMRC | M | 2,300 | · | · | 0 Direct | -100.00% | Disposed | (price as of 2026-10-02) |
| Jan. 12, 2018 | BMRC | F | 928 | $71.25 | $66,120 | 9,713 Direct | -8.72% | Disposed | -22.2% (price as of 2026-10-02) |
| Jan. 12, 2018 | BMRC | M | 2,300 | $28.75 | $66,125 | 10,641 Direct | +27.57% | Acquired | 92.8% (price as of 2026-10-02) |
| Dec. 31, 2017 | BMRC | J | 230 | · | · | 5,523 Indirect | +4.35% | Acquired | (price as of 2026-10-02) |
| Nov. 10, 2017 | BMRC | J | 7 | · | · | 1,652 Indirect | +0.43% | Acquired | (price as of 2026-10-02) |
| Nov. 10, 2017 | BMRC | J | 23 | · | · | 5,293 Indirect | +0.44% | Acquired | (price as of 2026-10-02) |
| Aug. 11, 2017 | BMRC | J | 7 | · | · | 1,645 Indirect | +0.43% | Acquired | (price as of 2026-10-02) |
| Aug. 11, 2017 | BMRC | J | 24 | · | · | 5,270 Indirect | +0.46% | Acquired | (price as of 2026-10-02) |
| July 6, 2017 | BMRC | J | 2,782 | · | · | 5,246 Indirect | -34.65% | Disposed | (price as of 2026-10-02) |
| May 21, 2017 | BMRC | J | 7 | · | · | 1,637 Indirect | +0.43% | Acquired | (price as of 2026-10-02) |
| May 12, 2017 | BMRC | J | 32 | · | · | 8,028 Indirect | +0.40% | Acquired | (price as of 2026-10-02) |
| March 7, 2017 | BMRC | G | 50 | · | · | 250 Indirect | +25.00% | Acquired | (price as of 2026-10-02) |
| March 7, 2017 | BMRC | G | 50 | · | · | 254 Indirect | +24.51% | Acquired | (price as of 2026-10-02) |
| March 7, 2017 | BMRC | G | 100 | · | · | 8,341 Direct | -1.18% | Disposed | (price as of 2026-10-02) |
| March 1, 2017 | BMRC | A | 900 | · | · | 8,441 Direct | +11.93% | Acquired | (price as of 2026-10-02) |
| March 1, 2017 | BMRC | A | 330 | · | · | 7,541 Direct | +4.58% | Acquired | (price as of 2026-10-02) |
| Feb. 10, 2017 | BMRC | J | 30 | · | · | 7,708 Indirect | +0.39% | Acquired | (price as of 2026-10-02) |
| Feb. 10, 2017 | BMRC | J | 6 | · | · | 1,631 Indirect | +0.37% | Acquired | (price as of 2026-10-02) |
| Dec. 31, 2016 | BMRC | J | 288 | · | · | 7,965 Indirect | +3.75% | Acquired | (price as of 2026-10-02) |
| Nov. 25, 2016 | BMRC | X | 4,000 | $35.18 | $140,720 | 0 Direct | -100.00% | Disposed | 57.5% (price as of 2026-10-02) |
| Nov. 25, 2016 | BMRC | S | 4,000 | $65.61 | $262,440 | 7,211 Direct | -35.68% | Disposed | -15.5% (price as of 2026-10-02) |
| Nov. 25, 2016 | BMRC | X | 4,000 | $35.18 | $140,720 | 11,211 Direct | +55.47% | Acquired | 57.5% (price as of 2026-10-02) |
| Nov. 14, 2016 | BMRC | J | 7 | · | · | 1,624 Indirect | +0.43% | Acquired | (price as of 2026-10-02) |
| Nov. 14, 2016 | BMRC | J | 33 | · | · | 7,678 Indirect | +0.43% | Acquired | (price as of 2026-10-02) |
| Aug. 12, 2016 | BMRC | J | 8 | · | · | 1,617 Indirect | +0.50% | Acquired | (price as of 2026-10-02) |
| Aug. 12, 2016 | BMRC | J | 39 | · | · | 7,645 Indirect | +0.51% | Acquired | (price as of 2026-10-02) |
| May 13, 2016 | BMRC | J | 8 | · | · | 1,609 Indirect | +0.50% | Acquired | (price as of 2026-10-02) |
| May 13, 2016 | BMRC | J | 38 | · | · | 7,607 Indirect | +0.50% | Acquired | (price as of 2026-10-02) |
| April 18, 2016 | BMRC | J | 109 | $49.04 | $5,345 | 7,568 Indirect | -1.42% | Disposed | 13.0% (price as of 2026-10-02) |
| March 11, 2016 | BMRC | G | 50 | · | · | 200 Indirect | +33.33% | Acquired | (price as of 2026-10-02) |
| March 11, 2016 | BMRC | G | 50 | · | · | 204 Indirect | +32.47% | Acquired | (price as of 2026-10-02) |
| March 11, 2016 | BMRC | G | 100 | · | · | 7,211 Direct | -1.37% | Disposed | (price as of 2026-10-02) |
| March 1, 2016 | BMRC | A | 1,070 | · | · | 7,311 Direct | +17.14% | Acquired | (price as of 2026-10-02) |
| March 1, 2016 | BMRC | A | 390 | · | · | 6,241 Direct | +6.67% | Acquired | (price as of 2026-10-02) |
| Feb. 12, 2016 | BMRC | J | 8 | · | · | 1,601 Indirect | +0.50% | Acquired | (price as of 2026-10-02) |
| Feb. 12, 2016 | BMRC | J | 39 | · | · | 7,677 Indirect | +0.51% | Acquired | (price as of 2026-10-02) |
| Dec. 31, 2015 | BMRC | J | 307 | · | · | 7,638 Indirect | +4.19% | Acquired | (price as of 2026-10-02) |
Showing latest 100 of 208 transactions
P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding
Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.
Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.
| Date | Ticker | Security | Underlying | Exercise price | Expiration | Shares | A/D |
|---|---|---|---|---|---|---|---|
| March 2, 2020 | BMRC | Stock Options (Right to buy) | Common Stock | $40.10 | March 2, 2030 | 2,520 | Acquired |
| Feb. 21, 2020 | BMRC | Stock Options (Right to buy) | Common Stock | $25.38 | March 2, 2025 | 5,060 | Disposed |
| Feb. 12, 2020 | BMRC | Stock Options (Right to Buy) | Common Stock | $22.94 | April 1, 2024 | 3,100 | Disposed |
| Feb. 12, 2020 | BMRC | Stock Options (Right to buy) | Common Stock | $19.68 | April 1, 2023 | 3,200 | Disposed |
| Feb. 4, 2020 | BMRC | Stock Options (Right to buy) | Common Stock | $19.09 | April 2, 2022 | 5,300 | Disposed |
| Jan. 21, 2020 | BMRC | Stock Options (Right to buy) | Common Stock | $19.00 | April 1, 2021 | 3,300 | Disposed |
| Jan. 10, 2020 | BMRC | Stock Options (Right to buy) | Common Stock | $16.55 | April 1, 2020 | 3,500 | Disposed |
| Feb. 5, 2019 | BMRC | Stock Options (Right to buy) | Common Stock | $11.12 | April 1, 2019 | 8,000 | Disposed |
| Jan. 12, 2018 | BMRC | Stock Options (Right to buy) | Common Stock | $28.75 | May 1, 2018 | 2,300 | Disposed |
| Nov. 25, 2016 | BMRC | Stock Options (Right to buy) | Common Stock | $35.18 | May 1, 2017 | 4,000 | Disposed |
| Feb. 5, 2016 | BMRC | Stock Options (Right to buy) | Common Stock | $34.50 | May 1, 2016 | 5,000 | Disposed |
| March 2, 2015 | BMRC | Stock Options (Right to buy) | Common Stock | $50.75 | March 2, 2025 | 2,600 | Acquired |
| April 1, 2014 | BMRC | Stock Options (Right to Buy) | Common Stock | $45.88 | April 1, 2024 | 1,550 | Acquired |
| Feb. 21, 2014 | BMRC | Stock Options (Right to buy) | Common Stock | $25.38 | April 1, 2014 | 1,654 | Disposed |
| April 1, 2013 | BMRC | Stock Options (Right to buy) | Common Stock | $39.35 | April 1, 2023 | 1,600 | Acquired |
| Nov. 27, 2012 | BMRC | Stock Options (Right to buy) | Common Stock | $17.20 | April 1, 2013 | 1,737 | Disposed |
| April 2, 2012 | BMRC | Stock Options (Right to buy) | Common Stock | $38.18 | April 2, 2022 | 2,650 | Acquired |
| Jan. 24, 2012 | BMRC | Stock Options (Right to buy) | Common Stock | $14.45 | April 1, 2012 | 1,735 | Disposed |
| April 1, 2011 | BMRC | Stock Options (Right to buy) | Common Stock | $38.00 | April 1, 2021 | 1,650 | Acquired |
| Feb. 28, 2011 | BMRC | Stock Options (Right to buy) | Common Stock | $14.45 | April 1, 2012 | 1,000 | Disposed |
| Jan. 28, 2011 | BMRC | Stock Options (Right to buy) | Common Stock | $12.28 | March 14, 2011 | 729 | Disposed |
| April 1, 2010 | BMRC | Stock Options (Right to buy) | Common Stock | $33.10 | April 1, 2020 | 1,750 | Acquired |
| Feb. 1, 2010 | BMRC | Stock Options (Right to buy) | Common Stock | $12.28 | March 14, 2011 | 1,000 | Disposed |
| April 1, 2009 | BMRC | Stock Options (Right to buy) | Common Stock | $22.25 | April 1, 2019 | 4,000 | Acquired |
| Oct. 23, 2008 | BMRC | Stock Options (Right to buy) | Common Stock | $11.86 | March 11, 2009 | 4,032 | Disposed |
| Jan. 9, 2008 | BMRC | Stock Options (Right to buy) | Common Stock | $11.86 | March 11, 2009 | 2,000 | Disposed |
| Jan. 9, 2008 | BMRC | Stock Options (Right to buy) | Common Stock | $11.78 | March 12, 2008 | 1,184 | Disposed |
Exercise/conversion price is blank when not applicable (e.g. RSUs).
Initial ownership (Form 3) 30 holdings
Securities held when first becoming an insider, per SEC Form 3.
| Date | Ticker | Security | Shares | Ownership |
|---|---|---|---|---|
| July 10, 2007 | BMRC | Common Stock | 2,430 | Direct |
| July 10, 2007 | BMRC | Common Stock | 6,205 | Indirect |
| July 10, 2007 | BMRC | Stock Options (Right to buy) | 1,184 | Direct |
| July 10, 2007 | BMRC | Stock Options (Right to buy) | 6,032 | Direct |
| July 10, 2007 | BMRC | Stock Options (Right to buy) | 1,729 | Direct |
| July 10, 2007 | BMRC | Stock Options (Right to buy) | 2,735 | Direct |
| July 10, 2007 | BMRC | Stock Options (Right to buy) | 1,737 | Direct |
| July 10, 2007 | BMRC | Stock Options (Right to buy) | 1,654 | Direct |
| July 10, 2007 | BMRC | Stock Options (Right to buy) | 5,000 | Direct |
| July 10, 2007 | BMRC | Stock Options (Right to buy) | 4,000 | Direct |
| July 9, 2007 | BMRC | Common Stock | 2,430 | Direct |
| July 9, 2007 | BMRC | Common Stock | 9,242 | Indirect |
| July 9, 2007 | BMRC | Stock Options (Right to buy) | 1,184 | Direct |
| July 9, 2007 | BMRC | Stock Options (Right to buy) | 6,032 | Direct |
| July 9, 2007 | BMRC | Stock Options (Right to buy) | 1,729 | Direct |
| July 9, 2007 | BMRC | Stock Options (Right to buy) | 2,735 | Direct |
| July 9, 2007 | BMRC | Stock Options (Right to buy) | 1,737 | Direct |
| July 9, 2007 | BMRC | Stock Options (Right to buy) | 1,654 | Direct |
| July 9, 2007 | BMRC | Stock Options (Right to buy) | 5,000 | Direct |
| July 9, 2007 | BMRC | Stock Options (Right to buy) | 4,000 | Direct |
| July 3, 2007 | BMRC | Common Stock | 2,430 | Direct |
| July 3, 2007 | BMRC | Common Stock | 9,242 | Indirect |
| July 3, 2007 | BMRC | Stock Options (Right to buy) | 1,184 | Direct |
| July 3, 2007 | BMRC | Stock Options (Right to buy) | 6,032 | Direct |
| July 3, 2007 | BMRC | Stock Options (Right to buy) | 1,729 | Direct |
| July 3, 2007 | BMRC | Stock Options (Right to buy) | 2,735 | Direct |
| July 3, 2007 | BMRC | Stock Options (Right to buy) | 1,737 | Direct |
| July 3, 2007 | BMRC | Stock Options (Right to buy) | 1,654 | Direct |
| July 3, 2007 | BMRC | Stock Options (Right to buy) | 5,000 | Direct |
| July 3, 2007 | BMRC | Stock Options (Right to buy) | 4,000 | Direct |
Compensation (DEF 14A)
Matched by name from proxy statements (DEF 14A) — verify against the filing.
| Fiscal year | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension change | Other | Total |
|---|---|---|---|---|---|---|---|---|
| 2019 | $243,449 | $105,271 | · | · | · | · | · | $593,516 |
| 2018 | $236,358 | $78,060 | · | · | · | · | · | $547,739 |
| 2017 | $229,473 | $99,242 | · | · | · | · | · | $529,540 |
Figures from the Summary Compensation Table of the company's proxy statement (DEF 14A). Compensation is not a recommendation.