First Northern Community Bancorp director Jean-Luc Servat reported multiple open-market purchases of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. The disclosed transactions - all purchases - amount to a combined $21,329.
The purchases were executed over two days. On February 18, 2026, Servat bought 200 shares at $14.55, 300 shares at $14.6237 and 400 shares at $14.6483. He extended his buying on February 19, acquiring 213 shares at $14.4983, 250 shares at $14.50 and 100 shares at $14.60. After these trades, Servat directly holds 3,463 shares of First Northern Community Bancorp.
These insider purchases came while the stock was trading at a 52-week high of $14.70, reflecting a 55% appreciation over the past 12 months. An InvestingPro analysis cited in the disclosure indicates the stock is trading above its Fair Value and places it among the most overvalued names in its coverage universe. The company reports a price-to-earnings ratio of 11.05 and a market capitalization of $230 million. The filing also notes that nine additional InvestingPro tips are available for investors seeking further insight on valuation and growth considerations.
Several corporate governance and compensation developments at First Northern Community Bancorp were disclosed alongside the insider filing. The company’s board officially appointed Jean-Luc Servat, who brings 45 years of investment banking experience, to its Board of Directors effective February 1, 2026. Servat is the founder of Panoramic Capital Advisors Inc. and is noted in the filing as having advised on transactions totaling more than $2.6 billion.
The board also approved an amendment to the company’s bylaws to permit directors to serve in positions at finance companies, provided such service receives two-thirds approval from the board. Previously, those roles had been restricted under the bylaws. In parallel, First Northern Bank, a subsidiary of First Northern Community Bancorp, entered into executive retirement and retention agreements with two senior officers. Executive Vice President and Chief Financial Officer Kevin Spink is identified as eligible for a supplementary executive retirement and retention award, which will be contingent on achievement of performance goals and other specified conditions.
Collectively, the insider purchases, recent board appointment and bylaw amendment reflect a cluster of changes to the company’s governance and leadership arrangements. The transactions and disclosures were reported via the required SEC filing for insider trades.