WALSH JOHN CHRISTOPHER 4

What Happened

• John Christopher Walsh, EVP and Chief Banking Officer of First Northwest Bancorp (FNWB), was granted 10,000 shares of restricted stock on July 7, 2026. The award price is reported at $11.17 per share, for a total grant value of $111,700. This is an equity award (not an open-market purchase or sale).

Key Details

• Transaction date and terms: 2026-07-07 — 10,000 restricted shares @ $11.17 each (total $111,700). Transaction code: A (Award/Grant).
• Vesting: One-third of the award will vest annually, beginning July 7, 2027 (i.e., three-year pro rata vesting).
• Shares owned after transaction: The filing notes these 10,000 shares are unvested and included in the insider’s holdings; the filing excerpt provided does not list Walsh’s total post-grant beneficial ownership.
• Filing timeliness: Form 4 was filed on 2026-07-09 for the 7/7/2026 grant — appears to be a timely filing (not marked late).
• Footnotes: F1 describes the grant under the 2020 Equity Incentive Plan; F2 confirms the 10,000 unvested restricted shares are part of that plan grant.

Context

• Restricted stock awards are common compensation for executives and are subject to time-based vesting, so they do not represent an immediate market purchase or sale. Because vesting is delayed, this grant does not directly signal an immediate bullish or bearish action by the insider.