Northwest Bancshares (NWBI) lending chief awarded 5,547 common shares in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McCarthy Brian Edward reported acquisition or exercise transactions in this Form 4 filing.
Northwest Bancshares, Inc. Chief Lending Officer Brian Edward McCarthy received a grant of 5,547 shares of Northwest Bancshares, Inc. common stock as a stock-based award, recorded at a price of $0.00 per share as compensation rather than a market purchase. After this award, he directly holds 14,729.509 shares. Footnotes explain that one third of the related RSU grant will vest each year beginning March 13, 2027 and continuing annually through March 13, 2029, and that certain shares represent dividend equivalent rights on previously granted RSUs, which follow the same terms as the underlying awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
McCarthy Brian Edward
Role
Chief Lending Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Northwest Bancshares, Inc. Common Stock | 5,547 | $0.00 | -- |
Holdings After Transaction:
Northwest Bancshares, Inc. Common Stock — 14,729.509 shares (Direct)
Footnotes (1)
- One third of this grant of RSU shares will vest each year beginning March 13, 2027 and on each March 13th thereafter through March 13, 2029. Represents dividend equivalent rights accrued on RSUs previously granted to the reporting person. Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.