FNWB.NASDAQFirst Northwest Bancorp

Form 4: First Northwest Bancorp CEO Matthew Deines Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Matthew Deines, President and CEO of First Northwest Bancorp, reports the disposition of shares to cover tax obligations and updates beneficial ownership.

Summary

  • On August 7, 2024, Matthew Deines, the President and CEO of First Northwest Bancorp, reported a transaction involving common stock.
  • Deines disposed of 604 shares of common stock at a price of $9.94 per share to cover tax obligations.
  • Following the transaction, Deines directly owns 100,851 shares of common stock.
  • Deines also indirectly owns 13,462 shares through a 401(k) and 2,796 shares through an ESOP.
  • The reported holdings include unvested shares of restricted stock under the Issuer's 2015 and 2020 Plans, which will vest on various dates.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard insider trading activity. The sale of shares to cover tax obligations is a common practice.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock.

Key Dates

DateDescription
08/07/2024Date of stock transaction
08/08/2024Date of signature
01/07/2025Vesting date for 2,920 unvested shares of restricted stock under the Issuer's 2015 Plan
03/07/2025Vesting date for 1,471 unvested shares of restricted stock granted under the Issuer's 2020 Plan
03/07/2025First vesting date for one-third of 13,989 unvested shares of restricted stock granted under the Issuer's 2020 Plan

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