Edelstein David Benjamin 4
4 · First Northwest Bancorp · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
First Northwest (FNWB) EVP David Edelstein Receives Award of 4,698 Shares
What Happened
David Benjamin Edelstein, EVP and Chief Innovation Officer of First Northwest Bancorp (FNWB), was granted 4,698 shares of restricted stock on 2026-03-07 at $9.18/share (total value ≈ $43,128). On the same date 393 shares were disposed to the issuer at $9.18/share (≈ $3,608). The grant is an award (acquisition) of restricted stock rather than an open-market purchase; the disposition to the issuer is commonly used to satisfy tax withholding obligations associated with equity awards.
Key Details
- Transaction date: March 7, 2026; Form 4 filed March 10, 2026.
- Price: $9.18 per share for both the award and the disposition.
- Award: 4,698 restricted shares granted (value ≈ $43,128).
- Disposition: 393 shares disposed to the issuer (value ≈ $3,608), commonly for tax withholding.
- Vesting (per footnotes): the 4,698-share award vests one-third annually beginning March 7, 2027.
- Additional unvested holdings (per filing): 5,000 shares (one-half vesting annually from May 7, 2026) and 2,575 shares (one-half vesting annually from March 7, 2027). Combined with this grant, the filing references 12,273 unvested restricted shares across these awards.
- Shares owned after the transaction: not specified in the provided excerpt.
- No explicit late-filing flag provided in the excerpt (transaction on 3/7, filing on 3/10).
Context
- This was an equity award (restricted stock) with multi-year vesting schedules — not an immediate sale or market purchase. Such awards are common as compensation and do not alone signal insider market timing.
- The small share disposition to the issuer is typical to cover tax withholding when restricted stock is issued.
Insider Transaction Report
Form 4
Edelstein David Benjamin
EVP, Chief Innovation Officer
Transactions
- Award
Common Stock
[F1][F2]2026-03-07$9.18/sh+4,698$43,128→ 15,452 total - Disposition to Issuer
Common Stock
[F2]2026-03-07$9.18/sh−393$3,608→ 15,059 total
Footnotes (2)
- [F1]Represents an award of restricted stock under the Issuer's 2020 Equity Incentive Plan ("2020 Plan"), one-third of which will vest annually beginning on March 7, 2027.
- [F2]Includes 5,000 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-half of which will vest annually beginning on May 7, 2026; 2,575 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-half of which will vest annually beginning on March 7, 2027; and 4,698 unvested shares of restricted stock granted under the Issuer's 2020 Plan, one-third of which will vest annually beginning on March 7, 2027.
Signature
/s/ Allison R. Mahaney, Attorney-in-Fact for David B. Edelstein|2026-03-10