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Northwest Bancshares (NWBI) officer awarded 6,017 RSU shares, now holds over 63K

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Colestro James M reported acquisition or exercise transactions in this Form 4 filing.

Northwest Bancshares, Inc. executive James M. Colestro, Chief Retail Lending Officer, received a grant of 6,017 shares of Northwest Bancshares common stock at no purchase price as a stock award. These are restricted stock units, with one third of the grant scheduled to vest on March 13, 2027, and additional thirds vesting on each March 13 through March 13, 2029.

Following this grant, Colestro directly holds 38,155.02 shares of Northwest Bancshares common stock and has an additional 25,328.442 shares held indirectly through a 401-K account.

Positive

  • None.

Negative

  • None.
Insider Colestro James M
Role Chief Retail Lending Officer
Type Security Shares Price Value
Grant/Award Northwest Bancshares, Inc. Common Stock 6,017 $0.00 --
holding Northwest Bancshares, Inc. Common Stock -- -- --
Holdings After Transaction: Northwest Bancshares, Inc. Common Stock — 38,155.02 shares (Direct); Northwest Bancshares, Inc. Common Stock — 25,328.442 shares (Indirect, 401-K)
Footnotes (1)
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SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Colestro James M

(Last) (First) (Middle)
3 EASTON OVAL
SUITE 500

(Street)
COLUMBUS OH 43219

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Northwest Bancshares, Inc. [ NWBI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Retail Lending Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Northwest Bancshares, Inc. Common Stock 03/13/2026 A 6,017(1) A $0 38,155.02 D
Northwest Bancshares, Inc. Common Stock 25,328.442 I 401-K
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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.
Remarks:
James M. Colestro by Douglas M. Schosser, Attorney-in-Fact 03/17/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Northwest Bancshares (NWBI) report for James M. Colestro?

Northwest Bancshares reported that James M. Colestro received a grant of 6,017 shares of common stock as a stock award. The grant is structured as restricted stock units that vest in equal annual installments over three years beginning March 13, 2027.

How many Northwest Bancshares (NWBI) shares does James M. Colestro hold after this Form 4 filing?

After the reported grant, James M. Colestro holds 38,155.02 Northwest Bancshares common shares directly and 25,328.442 shares indirectly through a 401-K account. These figures show his total reported equity exposure in the company following the March 13, 2026 award.

What are the vesting terms of James M. Colestro’s RSU grant at Northwest Bancshares (NWBI)?

The 6,017-share RSU grant to James M. Colestro vests in three equal parts. One third vests on March 13, 2027, with additional thirds vesting on each March 13 thereafter through March 13, 2029, subject to the grant’s standard vesting conditions.

Was cash paid for the 6,017-share award to James M. Colestro at Northwest Bancshares (NWBI)?

No cash was paid for this award; the 6,017 Northwest Bancshares shares were granted at a reported price of $0.00 per share. This indicates a compensation-related stock award rather than an open-market purchase by the executive.

Is the reported Northwest Bancshares (NWBI) transaction a market buy or a compensation grant?

The transaction is a compensation grant, not a market purchase. It is coded as a grant, award, or other acquisition, reflecting restricted stock units awarded to James M. Colestro that will vest over time according to the disclosed vesting schedule.

How is James M. Colestro’s indirect ownership in Northwest Bancshares (NWBI) held?

James M. Colestro’s indirect ownership consists of 25,328.442 Northwest Bancshares common shares held through a 401-K account. This is reported separately from his 38,155.02 directly held shares, giving additional context on his retirement-related holdings.