First Northern CEO gets 13,319 restricted shares
Smith Jeremiah Zachary reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Smith Jeremiah Zachary reported acquisition or exercise transactions in this Form 4 filing.
FIRST NORTHERN COMMUNITY BANCORP President and CEO Jeremiah Zachary Smith received a grant of 13,319 shares of common stock. The shares were awarded at a price of $13.64 per share and increase his directly held stake to 153,836 shares after the transaction.
According to a footnote, this is a restricted stock award that will vest on a four-year cliff schedule or upon his retirement, whichever happens first. This filing records an equity compensation award rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,319 | $13.64 | $182K |
Footnotes (1)
- F1. Restricted Stock Award with four year cliff vesting or upon retirement whichever comes first.
FAQ
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What did FIRST NORTHERN COMMUNITY BANCORP (FNRN) disclose about Jeremiah Zachary Smith in this Form 4?
What type of transaction is reported in the FNRN Form 4 for Jeremiah Zachary Smith?
What are the vesting terms of Jeremiah Zachary Smith’s restricted stock award from FNRN?
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