Northrim Bancorp (NRIM) director awarded 1,456 restricted stock units in Form 4

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

ROMANO MARILYN reported acquisition or exercise transactions in this Form 4 filing.

Northrim Bancorp director Marilyn Romano reported a grant of 1,456 restricted stock units (RSUs). The RSUs were awarded for no cash consideration and each unit represents a contingent right to receive one share of Northrim common stock. According to the disclosure, the restricted stock units vest 100% one year from the grant date of June 1, 2026. Following this award, Romano is shown holding 1,456 RSUs directly, with no remaining derivative positions listed in this filing.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider ROMANO MARILYN

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)

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.

Key Figures

RSUs granted: 1,456 units Grant price per RSU: $0.00 per unit RSUs outstanding after grant: 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 RSU $0.00 per unit RSUs awarded for no consideration

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

Underlying common shares 1,456 shares Each RSU equals one share of Northrim common stock

Key Terms

Restricted Stock Units, contingent right, vest, consideration

4 terms

Restricted Stock Units financial

"The filing reports a grant of 1,456 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 of Northrim common stock."

vest financial

"The restricted stock units vest 100% one year from the grant date of June 1, 2026."

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 grant of restricted stock units were awarded for no consideration."

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Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 12:26 PM

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^*

ROMANO MARILYN

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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 grant of restricted stock units were awarded for no consideration.

Remarks:

	/s/ Marilyn Romano	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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Northrim Bancorp (NRIM) director Marilyn Romano report?

Marilyn Romano reported receiving 1,456 restricted stock units as a grant. These RSUs were awarded for no cash consideration and each unit is a contingent right to receive one share of Northrim common stock, subject to the vesting schedule disclosed.

How many Northrim Bancorp (NRIM) restricted stock units were granted to Marilyn Romano?

Marilyn Romano was granted 1,456 restricted stock units in this Form 4 filing. Each unit corresponds to one share of Northrim common stock upon settlement, assuming vesting conditions are satisfied as described in the accompanying footnotes to the transaction.

What are the vesting terms of Marilyn Romano’s Northrim Bancorp (NRIM) RSU grant?

The filing states that the restricted stock units vest 100% one year from the grant date of June 1, 2026. This means all 1,456 RSUs are scheduled to fully vest together on the first anniversary of that stated grant date, subject to grant conditions.

Did Marilyn Romano pay any consideration for her Northrim Bancorp (NRIM) RSU grant?

No, the footnotes specify that the grant of restricted stock units was awarded for no consideration. This indicates the RSUs were provided as a form of compensation or incentive, rather than purchased in an open-market or cash transaction.

What does each Northrim Bancorp (NRIM) restricted stock unit represent in Marilyn Romano’s filing?

Each restricted stock unit represents a contingent right to receive one share of Northrim common stock. The units convert into shares only after the vesting condition is met, based on the one-year vesting schedule described in the footnotes to the Form 4.

How many Northrim Bancorp (NRIM) RSUs does Marilyn Romano hold after this transaction?

After the reported grant, the Form 4 shows Marilyn Romano holding 1,456 restricted stock units directly. No additional derivative securities are listed in the derivative holdings summary of this filing for her position following this award.