Northrim Bancorp (NRIM) EVP details initial stock and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Northrim Bancorp EVP Jason Alexander Criqui has filed an initial statement of holdings in company equity. He reports 2,374 shares of Northrim common stock held indirectly through a 401(k) plan and 26,141 shares held directly. He also reports three restricted stock unit awards covering 2,325, 3,096, and 2,892 underlying common shares, which each vest 100% three years after grant dates in March 2024, March 2025, and April 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
CRIQUI JASON ALEXANDER
Role
EVP, CBO of Northrim Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,892 shares (Direct, null);
Common Stock — 26,141 shares (Direct, null);
Common Stock — 2,374 shares (Indirect, By 401(k))
Footnotes (1)
- The restricted stock units vest 100% three years from the grant date of March 28, 2024. Each restricted stock unit represents a contingent right to receive one share of Northrim common stock. The restricted stock units vest 100% three years from the grant date of March 27, 2025. The restricted stock units vest 100% three years from the grant date of April 27, 2026.
Key Figures
Indirect common stock: 2,374 shares
Direct common stock: 26,141 shares
RSU grant 1 underlying shares: 2,325 shares
+3 more
6 metrics
Indirect common stock
2,374 shares
Held via 401(k) plan as of Form 3
Direct common stock
26,141 shares
Directly held as of Form 3
RSU grant 1 underlying shares
2,325 shares
Restricted stock units vest three years from March 28, 2024
RSU grant 2 underlying shares
3,096 shares
Restricted stock units vest three years from March 27, 2025
RSU grant 3 underlying shares
2,892 shares
Restricted stock units vest three years from April 27, 2026
RSU exercise price
$0.0000 per unit
Restricted stock units convertible into common stock at no exercise price
Key Terms
Restricted Stock Units, contingent right, 401(k), beneficial ownership
4 terms
Restricted Stock Units financial
"The restricted stock units vest 100% three years from the grant date"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share"
401(k) financial
"Common Stock held indirectly By 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
beneficial ownership financial
"Form 3 functions as an initial ownership report of beneficial holdings"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What does the NRIM Form 3 filing by EVP Jason Criqui report?
The Form 3 reports Jason Alexander Criqui’s existing holdings in Northrim Bancorp equity. It lists direct and indirect common stock ownership plus several restricted stock unit awards that convert into common shares after future vesting dates.
What restricted stock units does Jason Criqui report in the NRIM Form 3?
He reports three restricted stock unit grants tied to Northrim common stock, covering 2,325, 3,096, and 2,892 underlying shares. Each unit represents a contingent right to receive one share of common stock upon vesting and settlement.
When do Jason Criqui’s NRIM restricted stock units vest?
The restricted stock units vest 100% three years after their grant dates. The grants referenced were made on March 28, 2024, March 27, 2025, and April 27, 2026, so each award fully vests on the third anniversary of its respective grant date.