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Northwest Bancshares (NWBI) grants 14,038 RSUs to commercial banking chief

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

Rhea-AI Filing Summary

DesMarteau Jacques Marc reported acquisition or exercise transactions in this Form 4 filing.

Northwest Bancshares, Inc. reported that Chief Commercial Banking Officer Jacques Marc DesMarteau received a grant of 14,038 shares of common stock on March 13, 2026, as a stock award with no cash price per share. Following this award, his directly held position increased to 60,262.589 shares. A related footnote explains that this grant represents restricted stock units, with one third of the RSU shares scheduled to vest each year beginning March 13, 2027 and continuing annually through March 13, 2029. This filing reflects a compensation-related equity award rather than an open-market purchase or sale.

Positive

  • None.

Negative

  • None.
Insider DesMarteau Jacques Marc
Role Chief Comm. Banking Officer
Type Security Shares Price Value
Grant/Award Northwest Bancshares, Inc. Common Stock 14,038 $0.00 --
Holdings After Transaction: Northwest Bancshares, Inc. Common Stock — 60,262.589 shares (Direct)
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*
DesMarteau Jacques Marc

(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 Comm. Banking 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 14,038(1) A $0 60,262.589 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. 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:
Jacques M. DesMarteau 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 Jacques Marc DesMarteau?

Northwest Bancshares reported that Chief Commercial Banking Officer Jacques Marc DesMarteau received a stock award of 14,038 common shares on March 13, 2026. The award was granted at no cash cost per share as part of his compensation.

How many Northwest Bancshares (NWBI) shares does Jacques Marc DesMarteau hold after this Form 4?

After the reported transaction, Jacques Marc DesMarteau directly holds 60,262.589 shares of Northwest Bancshares common stock. This total includes the newly granted 14,038 shares that were awarded to him on March 13, 2026 as part of his equity compensation.

What type of equity award did Northwest Bancshares (NWBI) grant to Jacques Marc DesMarteau?

The award is described as a grant of RSU shares tied to Northwest Bancshares common stock. It totals 14,038 shares and represents a compensation-related grant, not an open-market purchase, with vesting spread over future years according to the disclosed schedule.

What is the vesting schedule for Jacques Marc DesMarteau’s RSU grant at Northwest Bancshares (NWBI)?

One third of the RSU grant will vest each year beginning March 13, 2027. Additional thirds will vest on each March 13th thereafter through March 13, 2029, creating a three-year graded vesting pattern for the 14,038 RSU shares.

Was the Northwest Bancshares (NWBI) RSU award to Jacques Marc DesMarteau an open-market purchase?

No, the reported transaction is a grant or award acquisition, coded as an "A" transaction. The 14,038 shares were granted at a stated price of $0.0000 per share as compensation, not acquired through an open-market stock purchase.

Does the Form 4 for Northwest Bancshares (NWBI) show any stock sales by Jacques Marc DesMarteau?

The Form 4 data shows only an acquisition transaction for 14,038 shares and no reported sales. The transaction summary lists one acquisition and zero dispositions, indicating this filing reflects an equity grant rather than selling activity.