Form 4: First Northwest Bancorp EVP Phyllis Nomura Acquires 5,000 Shares of Restricted Stock

Phyllis Nomura, EVP and Chief Financial Officer of First Northwest Bancorp, reports the acquisition of 5,000 shares of restricted stock under the company's 2020 Equity Incentive Plan.

Summary

• Phyllis Rose Nomura, EVP and Chief Financial Officer of First Northwest Bancorp (FNWB), filed a Form 4 on May 9, 2025, reporting a transaction on May 7, 2025.
• Nomura acquired 5,000 shares of common stock at a price of $9.75 per share.
• These shares were awarded as restricted stock under the Issuer's 2020 Equity Incentive Plan.
• One-third of the acquired shares will vest annually, starting on May 7, 2026.
• Following the reported transaction, Nomura beneficially owns 10,000 shares of First Northwest Bancorp common stock, which includes unvested shares from previous grants.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of restricted stock is a standard practice and indicates confidence in the executive and the company's future performance. There are no overtly negative aspects to the announcement.

Positives

• The acquisition of restricted stock aligns the executive's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the executive.

Future Outlook

The vesting schedule of the restricted stock suggests an expectation of continued service and contribution from the executive over the next three years.

Industry Context

Equity compensation is a common practice in the banking industry to incentivize executives and align their interests with shareholders. Restricted stock grants are a typical component of executive compensation packages.

Comparison to Industry Standards

• Comparing First Northwest Bancorp's executive compensation practices with those of similar-sized regional banks would provide a better understanding of whether the size and structure of the restricted stock grant are in line with industry norms.
• Companies like Columbia Banking System Inc. (COLB) and HomeStreet Inc. (HMST) could be used as benchmarks for comparison.

Stakeholder Impact

• Shareholders may view the restricted stock grant positively as it aligns executive interests with long-term company performance.
• Employees may see this as a sign of stability and commitment to leadership.

Key Dates

Keywords

Form 4, First Northwest Bancorp, FNWB, Phyllis Nomura, restricted stock, equity incentive plan, beneficial ownership, EVP, CFO