Northrim Bancorp CFO granted 4,243 RSUs

Ballard Jed W reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Ballard Jed W reported acquisition or exercise transactions in this Form 4 filing.

Northrim Bancorp EVP and CFO Jed W. Ballard received a grant of 4,243 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Northrim common stock. The RSUs were awarded for no cash consideration and vest 100% three years from the April 27, 2026 grant date.

Insider Trade Summary

Grant/Award: 4,243 shares

Grant/Award 1 txn

Insider Ballard Jed W

Role EVP, CFO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	4,243	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 4,243 contracts (Direct)

Footnotes (3)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Northrim common stock.
2. F2. The restricted stock units vest 100% three years from the grant date of April 27, 2026.
3. F3. The grant of restricted stock units were awarded for no consideration.

Key Figures

RSUs granted: 4,243 units RSUs to common stock ratio: 1:1 Post-transaction RSU holdings: 4,243 units

3 metrics

RSUs granted 4,243 units Restricted stock units granted to EVP, CFO Jed W. Ballard

RSUs to common stock ratio 1:1 Each RSU represents a contingent right to one common share

Post-transaction RSU holdings 4,243 units Total restricted stock units held after the reported award

Key Terms

Restricted Stock Units, contingent right, vest

3 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

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"

vest financial

"The restricted stock units vest 100% three years from the grant date"

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Northrim Bancorp (NRIM) EVP and CFO Jed Ballard report on this Form 4?

Jed W. Ballard reported receiving 4,243 restricted stock units. These units are a form of equity compensation that can convert into Northrim common shares if vesting conditions are met over time.

How many restricted stock units did NRIM’s CFO receive in this grant?

The grant to NRIM’s CFO totals 4,243 restricted stock units. Each unit is tied to one share of Northrim common stock, providing potential future ownership if the vesting requirement is satisfied.

What does each restricted stock unit represent for Northrim Bancorp (NRIM)?

Each restricted stock unit represents a contingent right to receive one share of Northrim common stock. The units are not shares today but can settle in shares once the vesting schedule is completed.

When do the newly granted NRIM restricted stock units vest for the CFO?

The restricted stock units vest 100% three years from the April 27, 2026 grant date. This means the CFO must remain through that full three-year period for all 4,243 units to vest.

Did NRIM’s CFO pay cash to receive these 4,243 restricted stock units?

The grant of restricted stock units was awarded for no consideration, meaning the CFO did not pay cash for them. They are part of compensation rather than an open-market share purchase.

How many restricted stock units does NRIM’s CFO hold after this transaction?

After this transaction, NRIM’s CFO holds 4,243 restricted stock units. This figure reflects the total derivative holdings reported in this filing following the new award.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/28/2026 - 06:54 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ballard Jed W

(Last) (First) (Middle)

3111 C STREET

(Street)

ANCHORAGE ALASKA 99503

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NORTHRIM BANCORP INC [ NRIM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, CFO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	04/27/2026		A		4,243		(2)	(2)	Common Stock	4,243	$0(3)	4,243	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Northrim common stock.

2. The restricted stock units vest 100% three years from the grant date of April 27, 2026.

3. The grant of restricted stock units were awarded for no consideration.

Remarks:

	/s/ Jed W. Ballard	04/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)