Form 4: Northrim BanCorp CEO Michael G. Huston Exercises Stock Options and Disposes of Shares

Michael G. Huston, President, CEO, and COO of Northrim BanCorp Inc, exercised stock options and disposed of shares on February 4, 2025.

Summary

• On February 4, 2025, Michael G. Huston, the President, CEO, and COO of Northrim BanCorp Inc, exercised stock options to acquire 1,000 shares of common stock at a price of $31.45 per share.
• Following the exercise of the options, Huston disposed of 547 shares of common stock at a price of $88.63 per share.
• After these transactions, Huston directly owns 24,212 shares of Northrim BanCorp Inc.
• The stock option exercise was conducted under the Northrim BanCorp, Inc. Stock Option Plan and is exempt pursuant to Section 16(b) of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock option exercise and share disposal, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.

Key Dates

Keywords

Northrim BanCorp, NRIM, Michael G. Huston, Stock Options, Form 4, Beneficial Ownership, Securities Exchange Act