Northrim BanCorp enters new employment agreements with five executives; raises base salaries

NORTHRIM BANCORP INC

CEO Schierhorn base salary increased to $483,866; Ballard to $307,308; Huston to $332,872; Craig to $259,914.
Baldwin enters employment agreement with $300K base salary plus monthly bonus of 2% of cumulative net earnings of RMHC.
Agreements effective Jan 1, 2023; terms automatically renew annually unless notice given 90 days prior.
Change-in-control severance: 2x highest base salary + 2x avg profit share (Schierhorn); 1x base for others with COBRA coverage.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.