Form 4: Northwest Bancshares Executive Exercises Options and Sells Shares
SEC Form 4 Filing
William W. Harvey, SEVP and Chief Operating Officer of Northwest Bancshares, exercised stock options and sold shares on July 26, 2024.
Summary
- On July 26, 2024, William W. Harvey, SEVP and Chief Operating Officer of Northwest Bancshares, exercised stock options to acquire a total of 13,614 shares of Northwest Bancshares, Inc. common stock.
- These options were exercised at prices of $12.37, $9.71, and $13.68 per share.
- Following the acquisition of these shares, Mr. Harvey sold 13,614 shares at an average price of $14.1765, with prices ranging from $14.15 to $14.21.
- After these transactions, Mr. Harvey directly owns 208,302 shares of Northwest Bancshares, Inc. common stock.
- He also has indirect ownership through an IRA, his wife's IRA, and a 401-K.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock option exercises and sales. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for signals about management's confidence in the company's future prospects.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the change in ownership, but the volume is relatively small compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/20/2015 | Date when some stock options became exercisable. |
| 05/20/2020 | Date when some stock options became exercisable. |
| 05/25/2021 | Date when some stock options became exercisable. |
| 07/26/2024 | Date of the stock option exercise and share sale. |
| 07/29/2024 | Date of the form submission. |
| 05/20/2025 | Expiration date of some stock options. |
| 05/20/2030 | Expiration date of some stock options. |
| 05/25/2031 | Expiration date of some stock options. |
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