Hanneman Karl L 4

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.