Form 4: Northwest Bancshares Executive Jacques DesMarteau Reports Stock Award and Disposal

Jacques DesMarteau, SEVP, Chief Comm. Banking Ofc. of Northwest Bancshares, Inc., reports the acquisition of 12,295 shares of common stock and disposal of 34,400 shares.

Summary

• On March 20, 2024, Jacques Marc DesMarteau, SEVP, Chief Comm. Banking Ofc. of Northwest Bancshares, Inc., reported a transaction involving the company's common stock.
• DesMarteau acquired 12,295 shares of Northwest Bancshares, Inc. Common Stock.
• DesMarteau disposed of 34,400 shares of Northwest Bancshares, Inc. Common Stock.
• Following the reported transactions, DesMarteau beneficially owns 34,400 shares.
• One third of the RSU shares will vest each year beginning March 20, 2025 and on each March 20th thereafter through March 20, 2027.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing, indicating neutral sentiment. It reports transactions without expressing any positive or negative outlook.

Future Outlook

The reported transaction includes a grant of RSU shares that will vest in three equal installments starting March 20, 2025, and continuing annually on March 20th through March 20, 2027.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies, providing transparency into the transactions of company insiders.

Key Dates