First Northern (FNRN) CEO donates 76 shares of stock to local non-profit
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FIRST NORTHERN COMMUNITY BANCORP President and CEO Jeremiah Zachary Smith reported a small charitable gift of company stock. He donated 76 shares of Common Stock on May 13, 2026, described as a bona fide gift to a local non-profit organization.
After the donation, he directly owns 161,352 shares of Common Stock. This is a routine, non-market transaction and does not represent an open-market sale or purchase of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
76 shares gifted
Mixed
1 txn
Insider
Smith Jeremiah Zachary
Role
President/CEO/Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 76 | $17.74 | $1K |
Holdings After Transaction:
Common Stock — 161,352 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Gifted shares: 76 shares
Reference price per share: $17.74 per share
Shares held after transaction: 161,352 shares
+1 more
4 metrics
Gifted shares
76 shares
Bona fide gift of Common Stock on May 13, 2026
Reference price per share
$17.74 per share
Price reported for gifted Common Stock
Shares held after transaction
161,352 shares
Direct ownership after reported gift
Gift transactions in period
1 gift, 76 shares
Form 4 transaction summary for gifts
Key Terms
Bona fide gift, Common Stock, Form 4, non-derivative
4 terms
Bona fide gift financial
"transaction_code_description: Bona fide gift"
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
non-derivative financial
"transaction_type: non-derivative"
FAQ
What insider transaction did FIRST NORTHERN COMMUNITY BANCORP (FNRN) report?
FIRST NORTHERN COMMUNITY BANCORP reported that President and CEO Jeremiah Zachary Smith made a bona fide gift of 76 Common Stock shares. The transaction is a charitable donation to a local non-profit, not an open-market sale or purchase.
Was the FNRN CEO’s transaction a sale or a charitable gift?
The transaction was a charitable gift, not a sale. The Form 4 labels the code as a bona fide gift and a footnote explains that Mr. Smith donated the shares to a local non-profit organization instead of selling them in the market.
Does this FIRST NORTHERN (FNRN) Form 4 indicate any derivative exercises?
No derivative transactions are reported in this Form 4. The filing shows only one non-derivative transaction, a bona fide gift of 76 Common Stock shares, and the derivative holdings section is empty for this reporting period.