Director Hunter receives 4,053-share restricted stock award at Northwest Bancshares (NASDAQ: NWBI)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hunter Timothy M reported acquisition or exercise transactions in this Form 4 filing.
Northwest Bancshares, Inc. director Timothy M. Hunter received a grant of 4,053 shares of Northwest Bancshares common stock as a compensation award. The shares were granted at no cash cost and are structured as restricted stock that will fully vest on June 5, 2027. After this grant, Hunter directly holds 203,804 shares of the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hunter Timothy M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Northwest Bancshares, Inc. Common Stock | 4,053 | $0.00 | -- |
Holdings After Transaction:
Northwest Bancshares, Inc. Common Stock — 203,804 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 4,053 shares
Grant price: $0.0000 per share
Post-transaction holdings: 203,804 shares
+1 more
4 metrics
Restricted stock grant
4,053 shares
Grant of Northwest Bancshares common stock to director Hunter
Grant price
$0.0000 per share
Reported transaction price for awarded shares
Post-transaction holdings
203,804 shares
Shares beneficially owned by Hunter after grant
Vesting date
June 5, 2027
Footnote: RSA shares fully vest on this date
Key Terms
RSA shares, Form 4, restricted stock award
3 terms
Form 4 regulatory
"The award was recorded on a Form 4 as a non-market, compensation-related acquisition"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
restricted stock award financial
"The shares were granted at no cash cost and are structured as restricted stock that will fully vest"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.