FNRN (FNRN) EVP/CIO granted 6,000 restricted stock shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Swizer Duane reported acquisition or exercise transactions in this Form 4 filing.
FIRST NORTHERN COMMUNITY BANCORP EVP and Chief Information Officer Duane Swizer received an equity award of 6,000 shares of common stock. The award was granted at a reference price of $14.70 per share as a restricted stock award with four-year cliff vesting or vesting upon retirement, whichever comes first. Following this grant, Swizer directly holds 8,139 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Swizer Duane
Role
EVP/Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,000 | $14.70 | $88K |
Holdings After Transaction:
Common Stock — 8,139 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did FIRST NORTHERN COMMUNITY BANCORP (FNRN) report for Duane Swizer?
FIRST NORTHERN COMMUNITY BANCORP reported that EVP/Chief Information Officer Duane Swizer received a grant of 6,000 shares of common stock. The transaction is coded as a grant, award, or other acquisition rather than an open-market purchase or sale.
At what price was Duane Swizer’s restricted stock in FNRN valued for the Form 4 grant?
The 6,000-share restricted stock award to Duane Swizer was reported at $14.70 per share. This figure reflects the reference price used in the Form 4 and does not necessarily indicate an open-market transaction price or cash outlay.
Is Duane Swizer’s FNRN Form 4 transaction a purchase or a stock award?
Duane Swizer’s Form 4 transaction is a stock award, not an open-market purchase. The transaction code is “A,” described as a grant, award, or other acquisition, indicating compensation-related equity rather than a discretionary market buy or sell.
What role does Duane Swizer hold at FIRST NORTHERN COMMUNITY BANCORP (FNRN)?
Duane Swizer serves as Executive Vice President and Chief Information Officer at FIRST NORTHERN COMMUNITY BANCORP. The Form 4 reports an equity compensation grant of 6,000 restricted shares tied to his position as a senior officer of the company.