Form 4: First Northwest Bancorp Director Lynn Terwoerds Acquires Additional Shares

Director Lynn Terwoerds of First Northwest Bancorp (FNWB) purchased 99 shares of common stock at a weighted average price of $15.71 on March 11, 2024.

Summary

• On March 11, 2024, Lynn Terwoerds, a director of First Northwest Bancorp (FNWB), acquired 99 shares of common stock.
• The shares were purchased at a weighted average price of $15.71 per share.
• Following the transaction, Terwoerds directly owns 6,424 shares of FNWB, which includes 2,149 unvested shares of restricted stock that will vest beginning on March 7, 2025, and 1,476 shares of restricted stock that will vest in full on March 7, 2025.
• The purchase was disclosed in a Form 4 filing with the SEC on March 13, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but the small number of shares purchased doesn't indicate a strong conviction.

Positives

• The director's purchase could be interpreted as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into a company's prospects. Purchases by directors are often seen as a positive sign.

Comparison to Industry Standards

• Analyzing insider trading activity is a common practice in financial analysis.
• Comparing Terwoerds' transactions to those of other directors in similar-sized banks can provide context.
• For example, if other bank directors are also purchasing shares, it could indicate a broader positive sentiment towards the banking sector.
• Conversely, if other directors are selling, it could raise concerns.

Key Dates