4//SEC Filing
JACOBSON RICHARD P 4
Accession 0000939057-25-000089
CIK 0001401564other
Filed
Apr 10, 8:00 PM ET
Accepted
Apr 11, 10:17 AM ET
Size
6.0 KB
Accession
0000939057-25-000089
Insider Transaction Report
Form 4
JACOBSON RICHARD P
COO of the Bank
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2025-04-10−30,000→ 0 totalExercise: $12.06From: 2025-04-10Exp: 2033-08-04→ Common Stock (30,000 underlying)
Footnotes (1)
- [F1]Represents the remaining stock options outstanding from an original grant of 40,000 non-qualified stock options scheduled to vest in equal installments of 25% per year beginning on August 4, 2024, and ending on August 4, 2027. In accordance with the terms of the 2016 Equity Incentive Plan and applicable award agreement, the stock options became fully vested and exercisable immediately prior to the effective time of the asset sale contemplated by the Purchase and Assumption Agreement, dated as of January 10, 2024, by and among First Financial Northwest, Inc. (the "Company"), First Financial Northwest Bank and Global Federal Credit Union. At its meeting on March 26, 2025, the Board of Directors of the Company authorized that each outstanding stock option be cancelled in exchange for a cash payment to the reporting person of $330,000, equal to $23.06 per share minus the applicable exercise price per share.
Documents
Issuer
First Financial Northwest, Inc.
CIK 0001401564
Entity typeother
Related Parties
1- filerCIK 0001186226
Filing Metadata
- Form type
- 4
- Filed
- Apr 10, 8:00 PM ET
- Accepted
- Apr 11, 10:17 AM ET
- Size
- 6.0 KB