Director Anthony Drabek receives 1,456 RSUs at Northrim (NRIM)

Rhea-AI Filing Summary

DRABEK ANTHONY reported acquisition or exercise transactions in this Form 4 filing.

Northrim Bancorp Inc director Anthony Drabek received a grant of 1,456 restricted stock units. These restricted stock units were awarded for no consideration and each unit represents a contingent right to receive one share of Northrim common stock. The units vest 100% one year from the grant date of June 1, 2026, and following this award Drabek holds 1,456 restricted stock units directly.

Insights

Equity compensation analyst

Routine director equity grant of 1,456 RSUs, non-cash compensation.

Director Anthony Drabek was granted 1,456 restricted stock units as a form of equity compensation. The grant carries a price of $0.00 per unit and was awarded for no cash consideration, indicating it is a standard compensation award rather than a market purchase.

Each unit represents a contingent right to receive one share of Northrim common stock, vesting 100% one year from the June 1, 2026 grant date. There are no remaining derivative positions shown beyond this award, and no open-market buys or sells were reported, suggesting a neutral impact on near-term trading sentiment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider DRABEK ANTHONY

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 grants of restricted stock units were awarded for no consideration.

Key Figures

RSUs granted: 1,456 units Grant price per unit: $0.00 Units after transaction: 1,456 units +1 more

4 metrics

RSUs granted 1,456 units Restricted stock units granted to director on June 1, 2026

Grant price per unit $0.00 Awarded for no consideration

Units after transaction 1,456 units Total restricted stock units held following grant

Conversion ratio 1 unit : 1 share Each RSU equals one share of Northrim common stock

Key Terms

Restricted Stock Units, contingent right, vest, consideration

4 terms

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 financial

"The restricted stock units vest 100% one year 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.

consideration financial

"The grants 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 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^*

DRABEK ANTHONY

(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)

X	Director		10% 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)

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)	06/01/2026		A		1,456		(2)	(2)	Common Stock	1,456	$0(3)	1,456	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% one year from the grant date of June 1, 2026.

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

Remarks:

	/s/ Anthony Drabek	06/01/2026
	** 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)

FAQ

What did Northrim Bancorp (NRIM) director Anthony Drabek receive in this Form 4?

Director Anthony Drabek received 1,456 restricted stock units as equity compensation. Each unit is a contingent right to one share of Northrim common stock, awarded for no consideration and reported as a routine grant on this Form 4.

How many restricted stock units were granted to the NRIM director?

The director was granted 1,456 restricted stock units. This entire amount is reported as held following the transaction, indicating the grant created Drabek’s current RSU position as disclosed in the filing’s post-transaction holdings.

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. This means the director will receive one common share for each unit that ultimately vests, aligning compensation with the company’s stock performance over time.

When do Anthony Drabek’s Northrim restricted stock units vest?

The restricted stock units vest 100% one year from the grant date of June 1, 2026. This single cliff-vesting schedule delays delivery of common shares, encouraging retention and alignment with shareholder interests during the vesting period.

Did the Northrim Bancorp (NRIM) director pay cash for these restricted stock units?

No, the grants of restricted stock units were awarded for no consideration. This indicates the RSUs are a non-cash component of the director’s compensation package rather than shares acquired through an open-market purchase.