Form 4: Northwest Bancshares Officer Reports Acquisition and Disposal of Shares
Form 4 Filing
Joseph D. Canfield Jr., Chief Accounting Officer of Northwest Bancshares, Inc., reports the acquisition of 4,318 shares and disposal of 14,283 shares of common stock on March 7, 2025.
Summary
- On March 7, 2025, Joseph D. Canfield Jr., Chief Accounting Officer of Northwest Bancshares, Inc., filed a Form 4 indicating changes in beneficial ownership of the company's stock.
- The report details the acquisition of 4,318 shares of Northwest Bancshares, Inc. common stock at $0 per share.
- It also reports the disposal of 14,283 shares.
- Following these transactions, Canfield directly owns 14,283 shares of Northwest Bancshares, Inc. common stock.
- The filing also includes a Power of Attorney, granting authority to several individuals to execute SEC filings on Canfield's behalf.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, reflecting routine transactions. Sentiment is neutral.
Future Outlook
One third of this grant of RSU shares will vest each year beginning March 7, 2026 and on each March 7th thereafter through March 7, 2028.
Industry Context
Form 4 filings are a routine part of compliance for officers and directors of publicly traded companies, providing transparency into their trading activities and holdings in their own company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the trading activities of a key officer.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of earliest transaction: acquisition and disposal of shares. |
| 03/07/2026 | One third of the grant of RSU shares will vest each year beginning March 7, 2026 and on each March 7th thereafter through March 7, 2028. |
| 03/07/2028 | One third of the grant of RSU shares will vest each year beginning March 7, 2026 and on each March 7th thereafter through March 7, 2028. |
| 03/11/2025 | Date of signature on the report. |
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