Richard P. Jacobson - 10 Apr 2025 Form 4 Insider Report for First Financial Northwest, Inc. (FFNW)

Reporting relationship: Executive VP and CFO, Director
Issuer ticker: FFNW
Reported as of: 10 Apr 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 11 Apr 2025, 10:17:36 UTC
Prior SEC filing: 07 Mar 2025
Source filing: View source filing
Reporting owner signature: /s/Karla Evans as Power of Attorney for Richard P. Jacobson

Key filing fact

Richard P. Jacobson filed Form 4 for First Financial Northwest, Inc. (FFNW) on 11 Apr 2025.

Key facts

This page summarizes Richard P. Jacobson's Form 4 filing for First Financial Northwest, Inc. (FFNW).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 11 Apr 2025, 10:17.

Change

Previous filing in this sequence was filed on 07 Mar 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FFNW transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -30,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 10 Apr 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 30,000
Exercise price: $12.06
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

Represents the remaining stock options outstanding from an original grant of 40,000 non-qualified stock options scheduled to vest in equal installments of 25% per year beginning on August 4, 2024, and ending on August 4, 2027. In accordance with the terms of the 2016 Equity Incentive Plan and applicable award agreement, the stock options became fully vested and exercisable immediately prior to the effective time of the asset sale contemplated by the Purchase and Assumption Agreement, dated as of January 10, 2024, by and among First Financial Northwest, Inc. (the "Company"), First Financial Northwest Bank and Global Federal Credit Union. At its meeting on March 26, 2025, the Board of Directors of the Company authorized that each outstanding stock option be cancelled in exchange for a cash payment to the reporting person of $330,000, equal to $23.06 per share minus the applicable exercise price per share.