4/A: Northrim Bancorp Director Amends Form 4 Filing to Correctly Report Securities Ownership

Joseph M. Schierhorn, a director at Northrim Bancorp, filed an amendment to a previous Form 4 to correct inaccuracies in the reported amounts of securities beneficially owned.

Summary

• Joseph M. Schierhorn, a director and Chairman at Northrim Bancorp Inc., filed an amended Form 4 with the SEC.
• The amendment corrects a previous filing from February 26, 2025, which inadvertently reported incorrect amounts of securities held.
• The error included RSU awards that had not vested.
• The corrected filing shows Schierhorn beneficially owns 45,353 shares of Common Stock directly.

Sentiment

Score: 6

Explanation: The document is a routine correction of a previous filing. While the initial error is a negative, the amendment demonstrates transparency and compliance.

Negatives

• The original Form 4 filed on February 26, 2025, contained incorrect information regarding the amount of securities held by Joseph M. Schierhorn.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the public.

Key Dates

Keywords

Form 4, Amendment, Beneficial Ownership, Securities, Northrim Bancorp, NRIM, Director, Schierhorn