Northrim Bancorp (NRIM) EVP Mark Edwards reports stock and RSU holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Northrim Bancorp executive Mark Douglas Edwards, EVP and Chief Credit Officer of Northrim Bank, filed an initial ownership report on Form 3. The filing lists his current holdings in the company’s common stock, both directly and through a 401(k) plan, along with equity awards.
He reports 5,293 shares of Northrim common stock held indirectly through a 401(k) account and 22,033 shares held directly. In addition, he holds restricted stock units that are tied to 2,263, 3,020 and 3,052 underlying shares of common stock, which generally vest 100% three years from their respective grant dates. He also holds a non-qualified employee stock option for 1,220 underlying shares of common stock at an exercise price of $10.51 per share, vesting in thirds annually and expiring in 2031.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
EDWARDS MARK DOUGLAS
Role
EVP, CCO of Northrim Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Nso Employee Stock Option (Right to Buy) | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nso Employee Stock Option (Right to Buy) — 1,220 shares (Direct, null);
Restricted Stock Units — 3,052 shares (Direct, null);
Common Stock — 22,033 shares (Direct, null);
Common Stock — 5,293 shares (Indirect, By 401(k))
Footnotes (1)
- One-third of the total amount of such options granted shall vest (ie. become exercisable) each year beginning with this date. 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 shares via 401(k): 5,293 shares
Direct common shares: 22,033 shares
RSUs underlying shares grant 1: 2,263 shares
+5 more
8 metrics
Indirect common shares via 401(k)
5,293 shares
Common Stock held indirectly by 401(k) as of Form 3
Direct common shares
22,033 shares
Common Stock held directly as of Form 3
RSUs underlying shares grant 1
2,263 shares
Restricted stock units, underlying common shares
RSUs underlying shares grant 2
3,020 shares
Restricted stock units, underlying common shares
RSUs underlying shares grant 3
3,052 shares
Restricted stock units, underlying common shares
Employee stock option underlying shares
1,220 shares
Nso Employee Stock Option (Right to Buy), underlying common shares
Option exercise price
$10.51 per share
Non-qualified employee stock option exercise price
Option expiration
December 1, 2031
Non-qualified employee stock option expiration date
Key Terms
Restricted Stock Units, Nso Employee Stock Option (Right to Buy), 401(k), Form 3, +1 more
5 terms
Restricted Stock Units financial
"The filing lists Restricted Stock Units tied to 2,263, 3,020 and 3,052 underlying common shares."
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.
Nso Employee Stock Option (Right to Buy) financial
"He also holds a Nso Employee Stock Option (Right to Buy) for 1,220 underlying shares at $10.51 per share."
401(k) financial
"He reports 5,293 Northrim common shares held indirectly through a 401(k) account."
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.
Form 3 regulatory
"The Form 3 serves as an initial statement of beneficial ownership for insiders."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"The figures reflect his beneficial ownership positions in Northrim common stock."
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 Mark Douglas Edwards show?
The Form 3 shows Mark Douglas Edwards’ existing ownership in Northrim Bancorp common stock and equity awards. It lists directly and indirectly held shares, restricted stock units tied to future share delivery, and a stock option grant with a stated exercise price and expiration date.
What restricted stock units are reported in the NRIM Form 3?
The Form 3 lists restricted stock units representing 2,263, 3,020 and 3,052 underlying Northrim common shares. Footnotes explain each unit represents a contingent right to one share and typically vests 100% three years from its specific grant date, assuming applicable conditions are met.
What stock option does Mark Douglas Edwards hold in Northrim Bancorp (NRIM)?
He holds a non-qualified employee stock option covering 1,220 underlying Northrim common shares at an exercise price of $10.51 per share. One-third of these options vest each year beginning on the stated vesting start date, and the option expires on December 1, 2031.