First Northwest Bancorp (FNWB) EVP granted 7,000 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gribble Jennifer Ellen reported acquisition or exercise transactions in this Form 4 filing.
First Northwest Bancorp executive Jennifer Ellen Gribble, EVP and Chief People Officer, received a grant of 7,000 shares of common stock as restricted stock compensation. The award was made under the company’s 2020 Equity Incentive Plan at a reference price of $9.97 per share.
These 7,000 shares are unvested restricted stock, with one-third scheduled to vest annually beginning on May 7, 2027. Following this grant, Gribble directly holds 7,000 shares of common stock, all tied to this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Gribble Jennifer Ellen
Role
EVP, Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,000 | $9.97 | $70K |
Holdings After Transaction:
Common Stock — 7,000 shares (Direct, null)
Footnotes (1)
- Represents an award of shares of restricted stock under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), one-third of which will vest annually beginning on May 7, 2027. Includes 7,000 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-third of which will vest annually beginning on May 7, 2027.
Key Figures
Restricted stock grant: 7,000 shares
Reference price per share: $9.97 per share
Total shares after transaction: 7,000 shares
+1 more
4 metrics
Restricted stock grant
7,000 shares
Award under 2020 Equity Incentive Plan
Reference price per share
$9.97 per share
Grant of restricted common stock
Total shares after transaction
7,000 shares
Direct holdings following grant
Vesting start date
May 7, 2027
One-third of restricted stock vests annually from this date
Key Terms
restricted stock, 2020 Equity Incentive Plan, vest
3 terms
restricted stock financial
"Represents an award of shares of restricted stock under the Issuer's 2020 Equity Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2020 Equity Incentive Plan financial
"Represents an award of shares of restricted stock under the Issuer's 2020 Equity Incentive Plan ("2020 Plan")"
vest financial
"one-third of which will vest annually beginning on May 7, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did FNWB executive Jennifer Gribble report in this Form 4?
Jennifer Ellen Gribble reported receiving 7,000 shares of restricted common stock as compensation. The grant was made under First Northwest Bancorp’s 2020 Equity Incentive Plan at a reference price of $9.97 per share and is subject to future vesting.
Is the FNWB Form 4 transaction a purchase or a compensation grant?
The Form 4 shows a compensation-related grant, not an open‑market purchase. Code “A” indicates a grant or award acquisition of 7,000 restricted shares to executive Jennifer Gribble under the 2020 Equity Incentive Plan, rather than her buying shares in the market.
What is the vesting schedule for Jennifer Gribble’s FNWB restricted stock?
The 7,000 restricted shares will vest in three equal annual installments. According to the disclosure, one‑third of the award vests each year beginning on May 7, 2027, meaning the full grant becomes vested over a three‑year period after that date.
Does the FNWB Form 4 indicate any stock sales by Jennifer Gribble?
The Form 4 does not show any sales by Jennifer Gribble. It reports only an acquisition coded as a grant of 7,000 restricted common shares, with no corresponding disposition or sale transactions listed in the filing’s transaction summary.
What plan governs Jennifer Gribble’s FNWB restricted stock award?
The award is governed by First Northwest Bancorp’s 2020 Equity Incentive Plan. The filing states the 7,000 restricted shares were granted under this plan, with one‑third of the award vesting annually starting on May 7, 2027, subject to the plan’s terms.