Smith Jeremiah Zachary 4

What Happened

Jeremiah Zachary Smith, President, CEO and Director of First Northern Community Bancorp (FNRN), was granted a restricted stock award of 13,319 shares on 2026-02-25. The award is reported at $13.64 per share for a total reported value of $181,671. This was an award/grant (not an open-market purchase or sale).

Key Details

• Transaction type: Award/Grant (SEC transaction code A)
• Transaction date: 2026-02-25; Form 4 filed 2026-02-26 (timely within the usual 2-business-day window)
• Shares granted: 13,319 at $13.64 per share; total reported value $181,671
• Shares owned after transaction: Not specified in the provided filing details
• Footnote: Restricted stock award with four-year cliff vesting or vesting upon retirement, whichever comes first

Context

Restricted stock awards are a form of executive compensation intended to retain leadership; they are not the same as an immediate market purchase and typically vest over time (here, a four-year cliff or upon retirement). Such grants increase an executive’s long-term equity stake but do not by themselves signal a near-term market buy or sell.