Form 4: Northwest Bancshares Executive Devin T. Cygnar Sells Shares
SEC Form 4 Filing
EVP, Chief Marketing/Communications Officer Devin T. Cygnar sold 186 shares of Northwest Bancshares, Inc. at $10.7689 per share on June 7, 2024.
Summary
- Devin T. Cygnar, EVP, Chief Marketing/Communications Officer of Northwest Bancshares, Inc., reported a transaction on June 7, 2024.
- Cygnar sold 186 shares of Northwest Bancshares, Inc. Common Stock at a price of $10.7689 per share.
- Following the transaction, Cygnar directly owns 11,186 shares.
- 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 standard SEC Form 4 filing, indicating a routine transaction. The sentiment is neutral as it simply reports the sale of shares by an executive.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in the financial industry. Investors often monitor these filings for insights into management's perspective on the company's stock.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although the quantity is relatively small.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of the transaction (sale of shares) |
| 06/11/2024 | Date of signature on the Form 4 filing |
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