First Northwest Bancorp Amended and Restated 2020 Equity Incentive Plan

Shareholders of First Northwest Bancorp approved Proposal 3, the Amended and Restated 2020 Equity Incentive Plan, at the 2026 Annual Meeting. This amended plan increases the number of shares available for issuance from 520,000 to 820,000, an increase of 300,000 shares. Key updates include modernizing definitions and administrative provisions, clarifying the plan term to 10 years from the effective date, adding flexibility for award treatment in change-in-control situations, and increasing the annual compensation limit for non-employee directors from $150,000 to $175,000. The plan aims to attract, retain, and reward key employees and directors, aligning their interests with shareholders through equity-based incentives.