Form 4: Northrim Bancorp Director Disposes of Shares Through Estate Transfer

Director John C. Swalling disposed of 4,520 common stock shares of Northrim Bancorp through an estate transfer on December 10, 2024.

Summary

• John C. Swalling, a director at Northrim Bancorp, disposed of 4,520 shares of common stock on December 10, 2024.
• The shares were disposed of through an estate transfer, indicated by transaction code 'G'.
• The transaction price was $0, as it was a transfer rather than a sale.
• Following the transaction, the shares are now indirectly owned by the estate.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine transaction, with no positive or negative implications for the company's performance.

Industry Context

This is a routine filing related to changes in beneficial ownership by a company insider and is common in the financial industry.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this transaction is consistent with typical insider reporting requirements.
• Similar filings are made by directors and officers of other financial institutions such as KeyCorp, Bank of America, and Wells Fargo when they have transactions involving their company's stock.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a transfer of ownership rather than a sale that would affect the market.

Key Dates

Keywords

Northrim Bancorp, Director, Share Disposal, Estate Transfer, Form 4, NRIM, Beneficial Ownership