[Form 4] Northwest Bancshares, Inc Insider Trading Activity

Rhea-AI Filing Summary

Ingredion Inc. (INGR) – Form 4 insider filing: Senior Vice President & Chief Supply Chain Officer David Eric Seip reported one transaction dated 31 Jul 2025. Through the company’s Supplemental Executive Retirement Plan (SERP), he acquired 8.446 phantom stock units—each convertible into one share of common stock—at a reference price of $131.53. After the allocation, Seip’s total phantom-stock holding rose to 9,065.0651 units. The acquisition reflects routine dividend-reinvestment activity; no common shares were sold, and ownership remains direct.

Positive

• Insider continues to accumulate (no sales), which may signal long-term alignment, albeit on a very small scale.

Negative

• Transaction size is immaterial; only 8.446 units (<0.1% of holding), providing little actionable insight for investors.

Insights

Securities Analyst

TL;DR: Small insider phantom-stock add; largely immaterial.

The 8.4-unit SERP allocation increases Seip’s phantom-stock balance by less than 0.1%, suggesting a routine dividend reinvestment rather than a discretionary purchase in the open market. Because phantom stock does not impact float or cash flow and conversion occurs only at retirement, the transaction carries negligible valuation or liquidity impact. Nevertheless, the absence of sales maintains a neutral-to-slightly positive governance signal.

Corporate Governance Expert

TL;DR: Governance neutral; standard SERP credit.

This Form 4 discloses automatic phantom-stock credits tied to compensation, not a market-based vote of confidence. The increment is de minimis and falls within ordinary-course executive benefit accruals. No red flags emerge regarding timing, Rule 10b5-1 or multiple filers. Overall impact on shareholders is neutral; however, consistent accumulation without sales can be viewed as marginally supportive of long-term alignment.

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^*

Canfield Joseph D Jr

(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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		F		1,029	D	$12.345	13,254(1)	D

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. Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit.

Remarks:

	Joseph D. Canfield Jr. by Douglas M. Schosser, Attorney-in-Fact	08/01/2025
	** 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

Who is the insider involved in INGR's latest Form 4?

David Eric Seip, SVP Global Operations & CSCO, is the sole reporting person.

What type of security was acquired by the INGR executive?

He received phantom stock units under the Supplemental Executive Retirement Plan (SERP).

How many phantom stock units were added on 31 Jul 2025?

Seip acquired 8.446 units at a reference price of $131.53.

What is Seip's total phantom-stock balance after the transaction?

He now beneficially owns 9,065.0651 phantom stock units.

Did the filing report any sale of Ingredion common stock?

No. The Form 4 shows only an acquisition; no dispositions were reported.