Form 4: First Northern Community Bancorp Director Louise Walker Transfers 4,000 Shares to Adult Children

Director Louise Walker of First Northern Community Bancorp transferred 4,000 shares of common stock to her adult children on December 19, 2024.

Summary

• Louise Walker, a director at First Northern Community Bancorp, reported a transaction on December 19, 2024.
• She transferred 4,000 shares of common stock to her adult children.
• The transaction was a gift, not a sale, and the shares were valued at $9.97 each.
• Following the transaction, Ms. Walker directly owns 187,631 shares of First Northern Community Bancorp.

Sentiment

Score: 5

Explanation: The document is a routine filing of a stock transfer and does not indicate any positive or negative sentiment.

Management Comments

• Ms. Walker gave shares to her adult children.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company director, which is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders, such as directors, who trade company stock.
• The transaction is a gift, which is a common type of transaction reported on Form 4s.
• The number of shares transferred is not unusual for a director's personal transaction.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a personal transfer of shares by a director.

Key Dates

Keywords

Form 4, Beneficial Ownership, Director, Stock Transfer, First Northern Community Bancorp, FNRN, Louise Walker