Northwest Bancshares director granted 4,053 RSAs
Northwest Bancshares, Inc. director Tullio David M reported an equity compensation grant of 4,053 shares of Northwest Bancshares common stock.
Rhea-AI Filing Summary
Northwest Bancshares, Inc. director Tullio David M reported an equity compensation grant of 4,053 shares of Northwest Bancshares common stock. The shares were awarded at no cash cost as a restricted stock award and will fully vest on June 5, 2027.
Following this grant, the director holds 34,104 common shares directly and an additional 1,000 shares indirectly listed as held "By Company." This Form 4 reflects a compensation-related acquisition rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insights
Director receives time-based restricted stock award; routine equity compensation with no open-market trading.
The filing shows director Tullio David M receiving 4,053 Northwest Bancshares common shares as a grant coded "A" (grant, award, or other acquisition) at a price of $0.0000 per share. A footnote clarifies these are RSA shares that fully vest on June 5, 2027, indicating a time-based vesting schedule.
After the grant, direct holdings rise to 34,104 common shares, with a separate 1,000 shares reported as indirectly held "By Company." There are no derivative positions and no reported open‑market buys or sells, so the transaction is best viewed as standard director compensation rather than a trading signal.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Northwest Bancshares, Inc. Common Stock | 4,053 | $0.00 | $0.00 |
| holding | Northwest Bancshares, Inc. Common Stock | -- | -- | -- |
Footnotes (1)
- F1. This grant of RSA shares will fully vest on June 5, 2027.
Key Figures
Key Terms
Grant, award, or other acquisition financial
indirect ownership financial
FAQ
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