Northwest Bancshares (NWBI) CIO files Form 3 showing no beneficial ownership
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Northwest Bancshares, Inc. executive Steven Chad Ballard, the Chief Information Officer, filed an initial ownership report showing that he does not beneficially own any securities of the company. The filing lists total shares owned following this report as 0, indicating no direct holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ballard Steven Chad
Role
Chief Information Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | No securities are beneficially owned | -- | -- | -- |
Holdings After Transaction:
No securities are beneficially owned — 0 shares (Direct, null)
Footnotes (1)
Key Figures
Shares beneficially owned: 0 shares
1 metrics
Shares beneficially owned
0 shares
Total shares following reported position
Key Terms
beneficially owned, Form 3, Chief Information Officer
3 terms
beneficially owned financial
"No securities are beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Form 3 regulatory
"INSIDER FILING DATA (Form 3)"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Chief Information Officer financial
"officer_title": "Chief Information Officer""
A chief information officer (CIO) is a senior executive responsible for managing a company's technology and information systems. They ensure that technology supports the organization’s goals, much like a conductor coordinating an orchestra to create harmonious music. Investors care about CIOs because their decisions and strategies can influence a company's efficiency, security, and ability to adapt to new digital opportunities.
