Form 4: First Northwest Bancorp EVP, Chief Financial Officer Geraldine L. Bullard Reports Changes in Beneficial Ownership

Geraldine L. Bullard, EVP and CFO of First Northwest Bancorp, reports acquisition and disposal of common stock, resulting in a new total beneficial ownership of 26,798 shares.

Summary

• On March 7, 2024, Geraldine L. Bullard, the EVP and Chief Financial Officer of First Northwest Bancorp, reported changes in her beneficial ownership of the company's common stock.
• She disposed of 961 shares at a price of $15.69.
• She acquired 3,929 shares and 2,718 shares at a price of $15.75.
• Following these transactions, Bullard directly owns 26,798 shares of First Northwest Bancorp common stock and indirectly owns 1,610 shares through an ESOP.
• The reported holdings include unvested shares of restricted stock granted under the Issuer's 2015 and 2020 Equity Incentive Plans, which vest on various dates.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by an executive. The acquisitions could be seen as slightly positive, but it's not a strong signal.

Positives

• The acquisition of shares by a company executive can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The document does not contain explicit forward-looking statements, but the vesting schedules of the restricted stock indicate a continued relationship between the executive and the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Comparison to Industry Standards

• Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders.
• The vesting schedules of restricted stock are typical, often spanning several years to incentivize long-term commitment.
• Comparing Bullard's holdings and trading activity to those of executives at comparable regional banks would provide a more detailed assessment of whether her actions are in line with industry norms.

Stakeholder Impact

• The reported transactions may have a minor impact on shareholder sentiment, depending on how investors interpret the executive's trading activity.

Key Dates