First Northern EVP granted 2,500 restricted shares
FIRST NORTHERN COMMUNITY BANCORP executive vice president and Chief Commercial Banking Officer Charles Cochran received an equity grant of 2,500 shares of common stock.
Rhea-AI Filing Summary
FIRST NORTHERN COMMUNITY BANCORP executive vice president and Chief Commercial Banking Officer Charles Cochran received an equity grant of 2,500 shares of common stock. The award is a restricted stock grant with a four-year cliff vesting schedule or vests earlier if he retires.
Following this grant, Cochran directly holds 7,500 common shares. Because this is a stock award classified as a grant or other acquisition, it reflects executive compensation in shares rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,500 | $14.70 | $37K |
Footnotes (1)
- F1. Restricted Stock Award with four year cliff vesting or upon retirement whichever comes first.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did FIRST NORTHERN COMMUNITY BANCORP (FNRN) report in this Form 4?
What is the vesting schedule for Charles Cochran’s FNRN restricted stock?
Was the FNRN Form 4 transaction a stock purchase or a grant?
What role does Charles Cochran hold at FIRST NORTHERN COMMUNITY BANCORP (FNRN)?
AI-generated analysis. How Rhea-AI works. Not financial advice.