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Northrim Bancorp (NRIM) director receives 1,456 restricted stock units as equity grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Thomas Linda C reported acquisition or exercise transactions in this Form 4 filing.

Northrim Bancorp director Linda C. Thomas received a grant of 1,456 restricted stock units. These RSUs were awarded for no cash consideration and each unit represents a contingent right to receive one share of Northrim common stock. Following this award, she holds 1,456 RSUs directly. The grant vests 100% one year after the June 1, 2026 grant date, so the shares will only be delivered if the vesting conditions are met.

Positive

  • None.

Negative

  • None.
Insider Thomas Linda C
Role null
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,456 $0.00 --
Holdings After Transaction: Restricted Stock Units — 1,456 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of Northrim common stock. The restricted stock units vest 100% one year from the grant date of June 1, 2026. The grant of restricted stock units were awarded for no consideration.
RSUs granted 1,456 units Restricted stock unit award to director on June 1, 2026
RSUs after transaction 1,456 units Total restricted stock units held following the grant
Grant price $0.00 per unit Awarded for no consideration as compensation
Vesting schedule 100% after one year Vests one year from June 1, 2026 grant date
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
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
"represents a contingent right to receive one share of Northrim common stock"
vest 100% financial
"The restricted stock units vest 100% one year from the grant date"
no consideration financial
"The grant of restricted stock units were awarded for no consideration"
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Thomas Linda C
(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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/01/2026A1,456 (2) (2)Common Stock1,456$0(3)1,456D
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% one year from the grant date of June 1, 2026.
3. The grant of restricted stock units were awarded for no consideration.
Remarks:
/s/ Linda C. Thomas06/01/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Northrim Bancorp (NRIM) director Linda C. Thomas receive in this Form 4 filing?

Linda C. Thomas received 1,456 restricted stock units as an equity award. Each restricted stock unit represents a contingent right to receive one share of Northrim common stock, increasing her direct equity-based compensation stake in the company.

How many restricted stock units were granted to the Northrim Bancorp (NRIM) director?

The director was granted 1,456 restricted stock units in this transaction. After the grant, her total holdings of this RSU award are 1,456 units, each tied to one share of Northrim common stock upon vesting and settlement.

Did Linda C. Thomas pay anything for the Northrim Bancorp (NRIM) restricted stock units?

No, the restricted stock units were awarded for no consideration. This means the director did not pay cash to receive the 1,456 RSUs; they were granted as part of her compensation package from Northrim Bancorp.

When do the Northrim Bancorp (NRIM) restricted stock units granted to the director vest?

The 1,456 restricted stock units vest 100% one year from the June 1, 2026 grant date. Vesting must occur before the director can receive the underlying common shares, making the award contingent on meeting this time-based condition.

What does each restricted stock unit represent in the Northrim Bancorp (NRIM) grant?

Each restricted stock unit represents a contingent right to receive one share of Northrim common stock. Once the 1,456 RSUs vest in full, the director will be entitled to receive an equivalent number of Northrim common shares, subject to plan terms.

Is this Northrim Bancorp (NRIM) Form 4 transaction a market purchase or sale of shares?

No, this transaction is a grant of restricted stock units classified as an acquisition under code A. It reflects compensation-related equity awarded to the director, not an open-market purchase or sale of Northrim Bancorp common stock.