Form 4: Northrim Bancorp Chairman Joseph M. Schierhorn Reports Gift of Common Stock
SEC Form 4 Filing
Joseph M. Schierhorn, Chairman of Northrim Bancorp, reported a gift of 294 shares of common stock on February 25, 2025.
Summary
- On February 25, 2025, Joseph M. Schierhorn, Chairman of Northrim Bancorp Inc., reported a transaction involving the company's common stock.
- Schierhorn gifted 294 shares of common stock.
- Following the transaction, Schierhorn directly owns 49,665 shares of Northrim Bancorp Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a gift of shares, which is neutral in sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.
Stakeholder Impact
- The transaction may have a minor impact on shareholders by slightly diluting ownership.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of transaction: gift of common stock |
| 02/26/2025 | Date of signature |
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