Northrim (NRIM) Director Anthony Drabek Receives 1,456 RSU Award

What Happened Anthony Drabek, a director of Northrim Bancorp, was awarded 1,456 restricted stock units (RSUs) on June 1, 2026. The grant was reported at $0.00 per unit (awarded for no consideration), so the immediate reported value is $0; the units are derivative awards that convert to common shares if and when they vest.

Key Details

• Transaction date: 2026-06-01 (reported on Form 4 filed 2026-06-02). Transaction code: A (award/grant).
• Award: 1,456 restricted stock units; reported price $0.00; total immediate value reported $0.
• Vesting: Units vest 100% one year from grant (June 1, 2027). (Footnotes F1–F3)
• Footnotes: F1—each RSU converts to one share upon vesting; F2—100% vests one year from grant; F3—grants awarded for no consideration.
• Shares owned after the transaction: not reported in the provided filing.
• Timeliness: Filing date is 2026-06-02 for a 2026-06-01 grant; this appears to be timely under Form 4 filing rules.

Context RSUs are a form of equity compensation that do not immediately transfer shares; they become actual shares only if vesting conditions are met. This award is compensation-related (not a market purchase or sale) and does not itself indicate a buy or sell signal until the units vest and shares are held or sold.