Form 4: First Northwest Bancorp Director Lynn Terwoerds Acquires Shares
SEC Form 4
Director Lynn Terwoerds of First Northwest Bancorp (FNWB) purchased 2,417 shares of common stock at a weighted average price of $10.3399 on May 1, 2024.
Summary
- On May 1, 2024, Lynn Terwoerds, a director of First Northwest Bancorp (FNWB), acquired 2,417 shares of common stock.
- The shares were purchased at a weighted average price of $10.3399 per share.
- Following the transaction, Terwoerds beneficially owns 8,841 shares.
- This total 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.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares is generally a good sign, but the scale of the purchase is relatively small.
Positives
- Director's purchase may signal confidence in the company's prospects.
Industry Context
Insider transactions are closely watched as indicators of management's view on the company's valuation and future prospects. A director purchasing shares can be seen as a positive sign.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of the transaction: Lynn Terwoerds purchased shares of common stock. |
| 03/07/2025 | Vesting date for one-half of 2,149 unvested restricted shares. |
| 03/07/2025 | Vesting date for 1,476 restricted shares. |
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