Form 4: Northwest Bancshares Executive Devin T. Cygnar Reports Stock Sale
SEC Form 4 Filing
EVP, Chief Marketing/Communications Officer Devin T. Cygnar reported the sale of 451 shares of Northwest Bancshares, Inc. common stock on May 31, 2024.
Summary
- On May 31, 2024, Devin T. Cygnar, EVP, Chief Marketing/Communications Officer of Northwest Bancshares, Inc., sold 451 shares of common stock at a price of $10.9358 per share.
- Following the transaction, Cygnar directly owns 11,372 shares of Northwest Bancshares, Inc. common stock.
- Cygnar also indirectly owns 13,692.1279 shares through an IRA and 6,149.1944 shares through a 401-K.
Sentiment
Score: 5
Explanation: The document is a neutral report of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for executives of publicly traded companies.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 05/31/2024 | Date of stock sale transaction |
| 06/03/2024 | Date of Form 4 filing |
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