HEGNA SHAUNA 4

What Happened

• Shauna Hegna, a director of Northrim Bancorp (NRIM), received a grant of 1,456 restricted stock units (RSUs) on June 1, 2026. The RSUs were awarded for no consideration (grant price $0.00) and are reported as a derivative award. No shares were purchased or sold in this transaction.

Key Details

• Transaction date: 2026-06-01; Form 4 filed: 2026-06-02 (timely within reporting window).
• Transaction type/code: Award/Grant (A); derivative grant of 1,456 RSUs at $0.00.
• Vesting: RSUs vest 100% one year from grant (vest date June 1, 2027).
• Footnotes: Each RSU represents a contingent right to receive one share of Northrim common stock; granted for no consideration.
• Shares owned after transaction: Not specified in the filing.

Context

• RSUs are a form of equity compensation (not an open-market purchase) and convert to actual shares only when they vest; they are commonly used for retention and alignment with shareholders. Because this is an awarded grant at no cost, it should be viewed as compensation rather than a direct signal of the director buying or selling stock.