Nelson Krystal Murphy 4

What Happened
Nelson Krystal Murphy, a director of Northrim Bancorp, was granted 1,456 restricted stock units (RSUs) on June 1, 2026. The grant was recorded as an award (derivative security) at $0.00 per unit—i.e., the RSUs were awarded for no consideration. Each RSU represents a contingent right to receive one share of Northrim common stock upon vesting.

Key Details

• Transaction date: 2026-06-01; Filing date (Form 4): 2026-06-02.
• Transaction type/code: A (Grant/Award) — 1,456 RSUs @ $0.00 (derivative).
• Vesting: 100% vests one year from the grant date (per filing footnote).
• Footnotes: F1—each RSU equals one share on vesting; F2—vesting one year from grant; F3—granted for no consideration.
• Shares owned after transaction: not specified in the filing.
• Timeliness: Filed one day after the grant date (within typical Form 4 reporting window); not indicated as late.

Context
RSUs are a form of equity compensation, not an immediate purchase or sale. These units convert to common shares only if/when they vest (here, in one year), so this award does not represent an immediate market buy or sell. Awards granted for no consideration are common as compensation for directors or officers and should be viewed as compensation rather than a direct bullish or bearish trading signal.