First Northern (FNRN) CEO receives 13,319-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Smith Jeremiah Zachary reported acquisition or exercise transactions in this Form 4 filing.
FIRST NORTHERN COMMUNITY BANCORP President, CEO and Director Jeremiah Zachary Smith reported an equity award of 13,319 shares of common stock. The Form 4/A shows this as a restricted stock grant at $14.64 per share, with four-year cliff vesting or vesting upon retirement, whichever occurs first. Following this grant, his directly held common stock increased to 153,836 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Smith Jeremiah Zachary
Role
President/CEO/Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 13,319 | $14.64 | $195K |
Holdings After Transaction:
Common Stock — 153,836 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did FIRST NORTHERN COMMUNITY BANCORP (FNRN) report?
FIRST NORTHERN COMMUNITY BANCORP reported that President and CEO Jeremiah Zachary Smith received a grant of 13,319 shares of common stock. The transaction was filed on Form 4/A as an acquisition through a restricted stock award, not an open-market purchase.
What is the vesting schedule for the FNRN restricted stock award to the CEO?
The restricted stock award to the CEO of FIRST NORTHERN COMMUNITY BANCORP has four-year cliff vesting. According to the footnote, the shares vest in full after four years or upon his retirement, whichever occurs first under the award terms.
Is the FNRN CEO’s Form 4/A transaction a purchase or a stock grant?
The Form 4/A reflects a stock grant, not an open-market purchase, for the FIRST NORTHERN COMMUNITY BANCORP CEO. It is coded as a grant, award, or other acquisition, with 13,319 restricted shares subject to a four-year cliff vesting schedule or earlier vesting upon retirement.