STOCK TITAN

Northwest Bancshares (NWBI) awards 4,941 RSUs to marketing chief

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

Rhea-AI Filing Summary

Northwest Bancshares, Inc. reported that Chief Marketing and Communications Officer Devin T. Cygnar acquired 4,941 shares of common stock as a grant or award on March 13, 2026 at a stated price of $0.00 per share.

The footnote explains this grant consists of RSU shares, with one third scheduled to vest each year beginning March 13, 2027 and on each March 13 through March 13, 2029. Following the award, Cygnar holds 20,065.671 shares directly, and also has indirect holdings through an IRA with 13,692.1279 shares and a 401(k) account with 9,431.1280 shares.

Positive

  • None.

Negative

  • None.
Insider Cygnar Devin T
Role Chief Mktg/Comm. Officer
Type Security Shares Price Value
Grant/Award Northwest Bancshares, Inc. Common Stock 4,941 $0.00 --
holding Northwest Bancshares, Inc. Common Stock -- -- --
holding Northwest Bancshares, Inc, Common Stock -- -- --
Holdings After Transaction: Northwest Bancshares, Inc. Common Stock — 20,065.671 shares (Direct); Northwest Bancshares, Inc. Common Stock — 13,692.128 shares (Indirect, IRA); Northwest Bancshares, Inc, Common Stock — 9,431.128 shares (Indirect, 401-K)
Footnotes (1)
  1. [object Object]
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*
Cygnar Devin T

(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 Mktg/Comm. 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 4,941(1) A $0 20,065.671 D
Northwest Bancshares, Inc. Common Stock 13,692.1279 I IRA
Northwest Bancshares, Inc, Common Stock 9,431.128 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:
Devin T. Cygnar 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 did Northwest Bancshares (NWBI) disclose in this Form 4 for Devin T. Cygnar?

Northwest Bancshares disclosed that Chief Marketing and Communications Officer Devin T. Cygnar received a grant of 4,941 shares of common stock on March 13, 2026. The shares are in the form of RSUs that vest over three years, reflecting routine equity-based compensation.

How many Northwest Bancshares (NWBI) shares were granted to Devin T. Cygnar?

Devin T. Cygnar was granted 4,941 shares of Northwest Bancshares common stock. The transaction code is an acquisition (A), described as a grant or award, with a reported price of $0.00 per share, indicating a compensation-related equity grant rather than an open-market purchase.

What is the vesting schedule for Devin T. Cygnar’s RSU grant at Northwest Bancshares (NWBI)?

The RSU grant vests in three equal installments. One third of the 4,941 RSU shares will vest on March 13, 2027, with additional thirds vesting on March 13, 2028 and March 13, 2029, aligning vesting with multi-year service at Northwest Bancshares.

What are Devin T. Cygnar’s direct share holdings in Northwest Bancshares (NWBI) after this grant?

After the RSU grant, Devin T. Cygnar directly holds 20,065.671 shares of Northwest Bancshares common stock. This figure reflects his direct ownership position reported in the Form 4 following the March 13, 2026 grant transaction coded as a grant or award acquisition.

Does Devin T. Cygnar have indirect holdings of Northwest Bancshares (NWBI) shares?

Yes. The filing shows indirect ownership through an IRA holding 13,692.1279 shares and a 401(k) account holding 9,431.1280 shares. These entries are reported as indirect ownership positions, separate from his directly held 20,065.671 shares of Northwest Bancshares common stock.

Is Devin T. Cygnar’s Northwest Bancshares (NWBI) Form 4 transaction an open-market buy or a compensation grant?

The Form 4 characterizes the transaction as a grant or award acquisition, not an open-market buy. Transaction code A and a price of $0.00 per share indicate equity compensation in the form of RSUs with a defined vesting schedule rather than a market purchase.