FNRN CFO granted 7,000 restricted shares
FIRST NORTHERN COMMUNITY BANCORP executive reports stock award.
Rhea-AI Filing Summary
FIRST NORTHERN COMMUNITY BANCORP executive reports stock award. EVP and Chief Financial Officer Kevin Spink acquired 7,000 shares of common stock on a grant or award basis at $14.70 per share. This restricted stock award features four-year cliff vesting or vests earlier if he retires, and brings his directly held stake to 52,785 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 7,000 shares
Grant/Award
1 txn
Insider
Spink Kevin
Role
EVP/Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,000 | $14.70 | $103K |
Holdings After Transaction:
Common Stock — 52,785 shares (Direct)
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) disclose in this Form 4?
FIRST NORTHERN COMMUNITY BANCORP reported that EVP and Chief Financial Officer Kevin Spink received a grant of 7,000 shares of common stock. The filing shows this as a restricted stock award rather than an open-market purchase or sale, reflecting equity-based executive compensation.
What type of equity award did FNRN’s CFO receive in this Form 4 filing?
The CFO received a restricted stock award of 7,000 common shares. According to the footnote, the award has four-year cliff vesting, or will vest earlier upon his retirement, indicating a long-term incentive structure tied to continued service at FIRST NORTHERN COMMUNITY BANCORP.
AI-generated analysis. How Rhea-AI works. Not financial advice.