Henderson Kyle David 4

What Happened

• Kyle David Henderson, EVP and Chief Credit Officer of First Northwest Bancorp (FNWB), was granted 4,153 restricted shares on March 7, 2026. The grant price reported is $9.18 per share, for a total grant value of about $38,125. This was an award of restricted stock (an acquisition), not an open-market purchase or sale.

Key Details

• Transaction date and price: March 7, 2026; 4,153 shares at $9.18/share; total ≈ $38,125.
• Shares reported in filing after the transaction: the filing’s footnote lists 11,775 unvested restricted shares in total (700 + 5,000 + 1,922 + 4,153) attributable to Henderson.
• Vesting notes:
  • The 4,153-share grant vests one‑third annually beginning March 7, 2027 (footnote F1).
  • Additional unvested grants (per footnote F2): 700 shares vesting in full Sept 7, 2026; 5,000 shares with one‑half vesting annually beginning July 7, 2026; 1,922 shares with one‑half vesting annually beginning March 7, 2027.
• Filing timeliness: Transaction reported on a Form 4 filed March 10, 2026 for a March 7, 2026 transaction. That filing date falls within the normal two-business-day reporting window (March 9–10), so the report appears timely.

Context

• This was a restricted stock grant (award). Restricted shares typically vest over time and may be forfeitable if the executive leaves before vesting, so the grant represents compensation rather than an immediate market bet. It is an acquisition of equity (A code) rather than a purchase on the open market or a sale.