Bartee Johanna A 4

What Happened

• Johanna A. Bartee, a director of First Northwest Bancorp (FNWB), received an award of 2,533 restricted shares on March 7, 2026. The grant price reported was $9.18 per share, for a total reported value of $23,253. This was an equity award under the company's 2020 Equity Incentive Plan, not an open-market purchase.

Key Details

• Transaction date: 2026-03-07; Filing date: 2026-03-09 (Form 4 filed promptly).
• Transaction type/code: Award/Grant (Code A).
• Shares granted: 2,533 restricted shares at $9.18/share; total value reported $23,253.
• Shares owned after transaction: Form 4 shows a total of 5,714 unvested restricted shares under the 2020 Plan after this grant (2,533 newly granted + 3,181 previously granted).
• Vesting: The 2,533-share award vests in full on March 7, 2027. The prior 3,181-share award remains unvested, with half of that grant beginning to vest on March 7, 2027 (per filing footnotes).
• No 10b5-1 plan, tax-withholding sale, or immediate sale reported for these shares.

Context

• Restricted stock awards to directors are a common form of compensation and vest over time; because these shares are unvested, they are not an immediate market purchase and should be viewed as compensation rather than a direct market-confidence signal. The filing appears timely (filed two days after the transaction), and there is no indication the shares were sold or otherwise disposed of.