Hanneman Karl L 4
4 · NORTHRIM BANCORP INC · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
Northrim (NRIM) Director Karl L. Hanneman Receives 1,456 RSUs
What Happened Karl L. Hanneman, a director of Northrim Bancorp Inc. (NRIM), was granted 1,456 restricted stock units (RSUs) on June 1, 2026. The filing lists the RSUs as derivative awards with an acquisition price of $0.00 (the grant was made for no consideration).
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (appears timely).
- Transaction type/code: A — Award/Grant (derivative).
- Amount: 1,456 RSUs granted; grant reported at $0.00 (no cash paid).
- Vesting: RSUs vest 100% one year from the grant date (June 1, 2027).
- Footnotes: F1 — each RSU converts to one share upon vesting; F2 — 100% vesting in one year; F3 — awarded for no consideration.
- Shares owned after transaction: not specified in the filing.
Context This was a compensation grant (RSUs), not an open-market purchase or sale. RSUs represent a contingent right to receive shares if vesting conditions are met; they do not confer immediate ownership or indicate an immediate cash value (the grant was reported at $0). Compensation awards are common for directors and executives and should be interpreted differently than outright purchases or sales.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F3][F2]2026-06-01+1,456→ 1,456 total→ Common Stock (1,456 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Northrim common stock.
- [F2]The restricted stock units vest 100% one year from the grant date of June 1, 2026.
- [F3]The grant of restricted stock units were awarded for no consideration.