Form 4: Director Wilbur R. Davis Acquires NWBI Shares

Northwest Bancshares, Inc. director Wilbur R. Davis acquired 4,053 shares of common stock via a restricted stock award.

Summary

• Director Wilbur R. Davis was granted 4,053 shares of Northwest Bancshares, Inc. (NWBI) common stock.
• The transaction occurred on June 5, 2026.
• The shares were acquired at a price of $0 per share as part of a restricted stock award (RSA).
• Following this transaction, the director's direct beneficial ownership increased to 86,684 shares.
• The director also maintains an indirect interest in 48,000 shares held by his wife.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.

Positives

• Increased equity alignment between the director and shareholders.
• The grant reflects long-term incentive compensation for board service.

Negatives

• None identified.

Risks

• Standard market risks associated with equity ownership in a financial institution.

Future Outlook

The granted shares are subject to a vesting schedule and will fully vest on June 5, 2027.

Industry Context

StockSavvy.ai notes that director equity grants are standard practice in the banking sector to ensure board members have a vested interest in the long-term performance of the institution.

Comparison to Industry Standards

• The use of restricted stock awards (RSAs) for director compensation is consistent with standard corporate governance practices among regional banks.
• The vesting period of one year is typical for annual director equity retainers.

Stakeholder Impact

• Shareholders benefit from increased director alignment with company performance.

Next Steps

• Vesting of the 4,053 shares on June 5, 2027.

Key Dates

Keywords

Northwest Bancshares, NWBI, Insider Trading, Form 4, Director Compensation, Equity Grant