Cochran Charles 4
Research Summary
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First Northern (FNRN) EVP Charles Cochran Receives 2,500-Share Award
What Happened Charles Cochran, EVP and Chief Commercial Banking Officer of First Northern Community Bancorp (FNRN), was granted 2,500 restricted shares on 2026-02-18. The award price is $14.70 per share, for a total value of $36,750. The transaction is reported as an acquisition via an award (transaction code A), not an open-market purchase.
Key Details
- Transaction date: 2026-02-18; filing date: 2026-02-19 (timely filing).
- Shares granted: 2,500 at $14.70 each; total value $36,750.
- Vesting: Restricted stock award with four-year cliff vesting or upon retirement, whichever comes first (footnote F1).
- Shares owned after the transaction: not specified in the provided filing excerpt.
- No 10b5-1 plan, tax-withholding sale, or gift noted in the filing.
Context This was a grant of restricted stock (an acquisition/award) rather than a market purchase or sale. Grants are compensation/retention tools and do not by themselves indicate a buy or sell signal; the shares will only become transferable if/when the vesting condition is met.