Northrim BanCorp renews employment contracts for four NEOs, adds EVP/COO Zins agreement

NORTHRIM BANCORP INC

Schierhorn base salary $580,639; Ballard $353,404; Huston $365,161; Craig $284,606.
New employment agreement for Amber Zins as EVP/COO of Bank with $309,798 base salary.
All agreements effective Jan 1, 2024, with automatic annual renewal unless 90-day notice given.
Zins eligible for 10% SERP contribution, profit sharing, stock incentive, and deferred compensation.
Change-of-control severance for Schierhorn and Zins: 2x highest base salary + 2x avg profit share.

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