Northwest Bancshares (NWBI) director awarded 4,053-share stock grant, vesting 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Williams Amber Lee reported acquisition or exercise transactions in this Form 4 filing.
Northwest Bancshares, Inc. director Amber Lee Williams received a grant of 4,053 shares of Northwest Bancshares, Inc. Common Stock as a stock award. The award carried a price of $0.00 per share, indicating it was compensation rather than an open-market purchase. Following this grant, she directly owns 13,997.401 common shares. According to the disclosure, this grant of RSA shares will fully vest on June 5, 2027, meaning she earns full ownership of the award over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Williams Amber Lee
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 — 13,997.401 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Stock grant size: 4,053 shares
Grant price per share: $0.00 per share
Total shares after grant: 13,997.401 shares
+1 more
4 metrics
Stock grant size
4,053 shares
Restricted stock award to director Amber Lee Williams
Grant price per share
$0.00 per share
Equity compensation, not open-market purchase
Total shares after grant
13,997.401 shares
Direct ownership following the transaction
Vesting date
June 5, 2027
Full vesting date for the RSA shares
Key Terms
Common Stock, Grant, award, or other acquisition, restricted stock award, direct ownership
4 terms
Common Stock financial
"Northwest Bancshares, Inc. Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
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.
direct ownership financial
"total_shares_following_transaction ... ownership_type: direct"
FAQ
What did Amber Lee Williams report in her latest Form 4 for NWBI?
Amber Lee Williams reported receiving 4,053 shares of Northwest Bancshares, Inc. Common Stock as a stock grant. The shares were awarded at $0.00 per share and represent compensation, not an open-market purchase. This award increases her direct ownership in NWBI.
Was the NWBI insider transaction a purchase or a stock grant?
The Northwest Bancshares transaction was a stock grant, not an open-market purchase. The Form 4 uses code “A” for a grant, award, or other acquisition, and the price per share is listed as $0.00, confirming it was equity compensation rather than a market trade.
What does Form 4 code “A” mean in the NWBI filing?
In this Northwest Bancshares Form 4, transaction code “A” indicates a grant, award, or other acquisition of stock. It shows the director received 4,053 shares as compensation at $0.00 per share, rather than buying or selling shares on the open market.