Form 4: Northwest Bancshares SVP, Chief Auditor Carey A. Barnum Sells Shares

Carey A. Barnum, SVP, Chief Auditor of Northwest Bancshares, Inc., sold a total of 142 shares of common stock in two transactions on June 7 and June 10, 2024.

Summary

• Carey A. Barnum, the SVP, Chief Auditor of Northwest Bancshares, Inc. (NWBI), reported changes in beneficial ownership.
• On June 7, 2024, Barnum sold 64 shares of Northwest Bancshares, Inc. common stock at a price of $10.7689 per share.
• On June 10, 2024, Barnum sold 78 shares of Northwest Bancshares, Inc. common stock at a price of $10.6702 per share.
• Following these transactions, Barnum directly owns 3,506 shares of Northwest Bancshares, Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock sales by an insider. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a standard SEC Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors.

Stakeholder Impact

• The sale of shares by a company insider could be perceived negatively by some shareholders, although small transactions like these are common and may not be significant.

Key Dates