Company: FMFG
Filing Date: 2025-03-13
Form Type: PREC14A
Source: 0001437749-25-007538
Chunk: 28

Company: Farmers & Merchants Bancshares, Inc.
Filing Date: 2025-03-13
Form: PREC14A
Chunk 28
---
     |              | 123,703 |     |       | 588,148 |
| Mark C. Krebs, Treasurer/CFO   | 2024 |     |            | 222,474 |     |       |      - |     |              | 17,844 |     |              |  46,573 |     |       | 286,891 |
|                                | 2023 |     |            | 214,432 |     |       |      - |     |              | 41,740 |     |              |  47,627 |     |       | 303,799 |
| Christopher T. Oswald, SVP/COO | 2024 |     |            | 142,704 |     |       |      - |     |              | 11,000 |     |              |  60,851 |     |       | 214,555 |
|                                | 2023 |     |            | 209,134 |     |       |      - |     |              | 41,740 |     |              |  79,154 |     |       | 330,028 |

Notes:

| (1) | Mr. Harris also serves on the Company Board and the Bank Board but does not receive any director’s fees for such service. |

| (2) | Amount represents the aggregate grant date fair value of 2,000 fully-vested shares of Common Stock and 3,000 shares of Common Stock that may be issued pursuant to restricted stock units (“RSUs”). One-third of the RSUs which vested on September 22, 2024, one-third will vest on September 22, 2025, and one-third will vest on September 22, 2026, provided that, in each case, Mr. Harris is employed and in good standing with the Company on the applicable vesting date. The aggregate grant date fair value was computed in accordance with FASB ASC Topic 718. |

| (3) | Amounts shown were paid under the bonus program discussed below. |

| (4) | For Mr. Harris, the amounts include matching contributions of $13,800 in 2024 and $13,200 in 2023 to the Bank’s 401(k) plan, imputed income of $1,242 in 2024 and $1,104 in 2023 attributable to the premium paid for group term life insurance coverage in excess of $50,000,