Director awarded 4,053 Northwest Bancshares (NWBI) shares in stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kranich Charles E. reported acquisition or exercise transactions in this Form 4 filing.
Northwest Bancshares, Inc. director Charles E. Kranich received a grant of 4,053 shares of Northwest Bancshares common stock as a stock award, with no cash paid per share. This restricted stock award will fully vest on June 5, 2027, bringing his direct holdings to 100,386 shares after the grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kranich Charles E.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Northwest Bancshares, Inc. Common Stock | 4,053 | $0.00 | -- |
Holdings After Transaction:
Northwest Bancshares, Inc. Common Stock — 100,386 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock award: 4,053 shares
Award price per share: $0.00 per share
Total holdings after grant: 100,386 shares
+1 more
4 metrics
Restricted stock award
4,053 shares
Granted to director Charles E. Kranich on June 5, 2026
Award price per share
$0.00 per share
Grant of Northwest Bancshares common stock
Total holdings after grant
100,386 shares
Direct ownership following the June 5, 2026 award
Vesting date
June 5, 2027
Restricted stock award fully vests on this date
Key Terms
restricted stock award, Form 4, Grant, award, or other acquisition
3 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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""