Executive VP at FIRST NORTHERN (FNRN) receives 2,500-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Cochran Charles
Role
EVP/Chief Cmrcl Banking Oficer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,500 | $14.70 | $37K |
Holdings After Transaction:
Common Stock — 7,500 shares (Direct)
Footnotes (1)
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FAQ
What did FIRST NORTHERN COMMUNITY BANCORP (FNRN) report in this Form 4?
FIRST NORTHERN COMMUNITY BANCORP reported an equity grant to executive Charles Cochran. He received 2,500 shares of common stock as a restricted stock award, increasing his directly held position to 7,500 shares after the transaction.
What is the vesting schedule for Charles Cochran’s FNRN restricted stock?
The 2,500-share award to Charles Cochran is a restricted stock grant with four-year cliff vesting. The shares will fully vest at that time, or earlier if he retires, according to the footnote description in the filing.
Was the FNRN Form 4 transaction a stock purchase or a grant?
The transaction was reported as a grant or award acquisition, not an open-market purchase. It represents a restricted stock award of 2,500 shares to executive Charles Cochran as part of his compensation package.
What role does Charles Cochran hold at FIRST NORTHERN COMMUNITY BANCORP (FNRN)?
Charles Cochran serves as Executive Vice President and Chief Commercial Banking Officer at FIRST NORTHERN COMMUNITY BANCORP. The reported Form 4 transaction reflects an equity compensation grant tied to this senior leadership position.