Form 4: Northwest Bancshares Chief Legal Counsel Exercises Options and Sells Shares
SEC Form 4 Filing
Richard K. Laws, Chief Legal Counsel/Corp. Sec. of Northwest Bancshares, Inc., exercised stock options and sold shares on May 12, 2025.
Summary
- Richard K. Laws, Chief Legal Counsel/Corp. Sec. of Northwest Bancshares, Inc., executed transactions involving the company's common stock on May 12, 2025.
- Laws exercised stock options to acquire 6,528 shares at a price of $12.37 per share.
- Simultaneously, Laws sold 6,374 shares at a price of $12.67 per share.
- Following these transactions, Laws directly owns 63,355 shares of Northwest Bancshares, Inc. common stock.
- Laws also indirectly owns 5,625.777 shares through a 401-K.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
- The impact on employees, customers, suppliers, and creditors is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 05/20/2015 | Date stock options were exercisable |
| 05/12/2025 | Date of transaction (exercise of options and sale of shares) |
| 05/20/2025 | Expiration date of stock options |
| 05/14/2025 | Date of signature on the Form 4 filing |
Keywords
Northwest Bancshares, NWBI, Richard K. Laws, Stock Options, Form 4, Insider Trading, Beneficial Ownership, Chief Legal Counsel, Corporate Secretary
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.