Director at Northwest Bancshares (NWBI) receives 4,053-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DAVIS WILBUR R reported acquisition or exercise transactions in this Form 4 filing.
Northwest Bancshares, Inc. director Wilbur R. Davis reported an equity award of 4,053 shares of Northwest Bancshares, Inc. common stock. The shares were granted at no cash cost and are structured as a restricted stock award that will fully vest on June 5, 2027.
Following this grant, Davis directly holds 86,684 common shares. The filing also notes an additional 48,000 shares held indirectly through his wife, reflecting a separate indirect ownership position. The activity represents routine stock-based compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DAVIS WILBUR R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Northwest Bancshares, Inc. Common Stock | 4,053 | $0.00 | -- |
| holding | Northwest Bancshares, Inc. Common Stock | -- | -- | -- |
Holdings After Transaction:
Northwest Bancshares, Inc. Common Stock — 86,684 shares (Direct, null);
Northwest Bancshares, Inc. Common Stock — 48,000 shares (Indirect, Wife)
Footnotes (1)
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Key Figures
Restricted stock award: 4,053 shares
Direct holdings after grant: 86,684 shares
Indirect holdings via spouse: 48,000 shares
+2 more
5 metrics
Restricted stock award
4,053 shares
Grant of Northwest Bancshares, Inc. common stock
Direct holdings after grant
86,684 shares
Northwest Bancshares, Inc. common stock directly owned by Davis
Indirect holdings via spouse
48,000 shares
Northwest Bancshares, Inc. common stock held through wife
Vesting date
June 5, 2027
Restricted stock award fully vests on this date
Grant price per share
$0.00 per share
Reported transaction price for the 4,053-share award
Key Terms
restricted stock award, RSA shares, Grant, award, or other acquisition, indirect ownership, +1 more
5 terms
restricted stock award financial
"This grant of RSA shares will fully vest on June 5, 2027."
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
indirect ownership financial
"direct_or_indirect: I, ownership_type: indirect, nature_of_ownership: Wife"