Form 4: Northrim Bancorp Executive Jed W. Ballard Reports Stock Transactions

EVP and CFO of Northrim Bancorp, Jed W. Ballard, reports the disposal of 282 shares and an increase of 234 shares through a 401k plan.

Summary

• Jed W. Ballard, the EVP and CFO of Northrim Bancorp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On November 29, 2024, Ballard disposed of 282 shares of common stock at a price of $85.07 per share.
• He also acquired 234 shares indirectly through the Northrim Bank Savings Incentive Plan (401k).
• The report also notes that 147 shares were issued for payment of dividends under the Northrim BanCorp, Inc. Stock Option Plan.
• Following these transactions, Ballard directly owns 6,866 shares and indirectly owns shares through the 401k plan.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in the financial industry to ensure transparency and prevent insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The transactions are typical for executives managing their personal investment portfolios and participating in company stock plans.
• Similar filings are made by executives at comparable financial institutions such as First National Bank Alaska and KeyCorp.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive stock management.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Transactions, Northrim Bancorp, Jed W. Ballard, Executive Compensation, Insider Trading