FNWB.NASDAQFirst Northwest Bancorp

Form 4: First Northwest Bancorp CEO Matthew Deines Acquires Additional Shares

Sentiment:

SEC Form 4 Filing

📋All filings for First Northwest Bancorp
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Matthew Deines, President and CEO of First Northwest Bancorp, reports the acquisition of 2,100 shares of common stock at a price of $9.79 per share on November 5, 2024.

Summary

  • On November 5, 2024, Matthew Deines, the President and CEO of First Northwest Bancorp, acquired 2,100 shares of common stock at $9.79 per share.
  • Following this transaction, Deines directly owns 102,951 shares of First Northwest Bancorp common stock.
  • He also indirectly owns 13,462 shares through a 401(k) and 2,796 shares through an ESOP.
  • The reported holdings include unvested restricted stock under the Issuer's 2015 and 2020 Plans, vesting on January 7, 2025, and March 7, 2025, respectively, with additional shares vesting annually beginning March 7, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The CEO purchasing shares suggests confidence, but it's a relatively small transaction.

Positives

  • The CEO's purchase of shares may signal confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of regulatory compliance for company insiders and are closely watched by investors for signals about management's view of the company's prospects.

Stakeholder Impact

  • The CEO's stock purchase could positively influence shareholder sentiment.

Key Dates

DateDescription
11/05/2024Date of transaction: Matthew Deines purchased shares of FNWB.
01/07/20252,920 unvested shares of restricted stock under the Issuer's 2015 Plan will vest in full.
03/07/20251,471 unvested shares of restricted stock granted under the Issuer's 2020 Plan will vest in full.
03/07/2025One-third of 13,989 unvested shares of restricted stock granted under the Issuer's 2020 Plan will vest annually beginning on this date.
11/06/2024Date of filing.

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