Form 4: Northwest Bancshares Director Sells 3,500 Shares

Director Timothy B. Fannin sold 3,500 shares of Northwest Bancshares, Inc. at a price of $13.025 per share on January 28, 2025.

Summary

• Timothy B. Fannin, a director of Northwest Bancshares, Inc., sold 3,500 shares of the company's common stock on January 28, 2025.
• The sale price was $13.025 per share.
• Following the transaction, Mr. Fannin directly owns 23,264 shares and indirectly owns 4,661.78 shares through an IRA.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing for an insider transaction. It doesn't inherently indicate positive or negative sentiment, but rather a factual record of a transaction.

Industry Context

This is a routine Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider trading.
• The sale by a director is a common occurrence and does not necessarily indicate a negative outlook for the company.

Stakeholder Impact

• The sale of shares by a director may be of interest to shareholders, but it is a common occurrence and does not necessarily indicate a negative outlook for the company.

Key Dates

Keywords

Northwest Bancshares, NWBI, insider trading, Form 4, director, share sale, equity securities