Ballard Jed W 4

What Happened

• Jed W. Ballard, EVP and Chief Financial Officer of Northrim Bancorp, was granted 4,243 restricted stock units (RSUs) on April 27, 2026. The award was granted for no consideration (reported price $0.00) and is reported as a derivative award on Form 4. The grant’s immediate dollar value at issuance is $0 (no cash paid).

Key Details

• Transaction date: April 27, 2026; Form 4 filed April 28, 2026 (timely filing).
• Grant amount: 4,243 restricted stock units; reported acquisition price: $0.00.
• Vesting: 100% vests three years from the grant date (April 27, 2029). (Footnotes: each RSU equals the contingent right to one share.)
• Shares owned after transaction: not specified in the provided filing details.
• Transaction type: Award/Grant (code A). No 10b5-1 plan, tax-withholding, or sale noted in this filing.

Context

• RSUs are a deferred-compensation grant that convert into shares (or cash equivalent) only after vesting; they are not an immediate purchase of stock. Because this is an award rather than an open-market purchase or sale, it should be treated as a compensation/retention event rather than a direct signal of immediate insider buying or selling.