Form 4: FNWB CFO Nomura Reports Routine Stock Disposition

First Northwest Bancorp's EVP and CFO, Phyllis Rose Nomura, reported the disposition of 508 common shares at $9.41, primarily for tax liability, retaining 9,492 shares including unvested restricted stock.

Summary

• Phyllis Rose Nomura, EVP and Chief Financial Officer of First Northwest Bancorp (FNWB), reported a transaction on January 7, 2026.
• The transaction involved the disposition of 508 shares of common stock at a price of $9.41 per share.
• This disposition was made to the issuer, likely for tax liability purposes upon the vesting of equity awards.
• Following this transaction, Ms. Nomura beneficially owns 9,492 shares of common stock directly.
• The remaining beneficial ownership includes 3,333 unvested restricted shares, with half vesting on January 7, 2027.
• It also includes 5,000 unvested restricted shares, with one-third vesting annually beginning on May 7, 2026.

Sentiment

Score: 5

Explanation: The filing is a routine Form 4 reporting an insider transaction, specifically a disposition of shares for tax purposes upon vesting of restricted stock. It contains no information that would significantly alter the company's outlook or financial health, thus maintaining a neutral sentiment.

Positives

• The transaction indicates the vesting of previously granted equity awards, which is a positive for executive compensation and retention.

Future Outlook

The filing details future vesting schedules for restricted stock awards, indicating continued equity incentives for the Chief Financial Officer through at least January 2027.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across all industries for publicly traded companies. It reflects standard executive compensation practices involving equity awards and subsequent tax-related dispositions upon vesting.

Stakeholder Impact

• Shareholders: Minimal impact, as it's a routine, small-scale insider transaction for tax purposes.
• Employees: Reflects standard executive compensation practices, which can be a positive for employee retention and motivation.

Next Steps

• Vesting of 1,666.5 restricted stock shares on January 7, 2027.
• Annual vesting of 1,666.67 restricted stock shares starting May 7, 2026.

Key Dates

Keywords

First Northwest Bancorp, FNWB, Phyllis Rose Nomura, CFO, Insider Trading, Form 4, Stock Disposition, Restricted Stock, Equity Incentive Plan, Executive Compensation