Form 4: NWBI CEO Withdraws 114,741 Restricted Stock Units

Northwest Bancshares CEO Louis J. Torchio reported the withdrawal of 114,741 restricted stock units previously granted.

Summary

• Louis J. Torchio, President & CEO and Director of Northwest Bancshares, Inc. (NWBI), reported a change in beneficial ownership.
• On August 20, 2025, 114,741 shares of Northwest Bancshares, Inc. Common Stock were disposed of.
• These shares represent restricted stock units (RSUs) that were granted to Mr. Torchio on December 20, 2024, and have since been withdrawn.
• The transaction price for the withdrawal was $0, indicating a cancellation or forfeiture rather than a sale.
• Following this transaction, Mr. Torchio directly owns 167,841 shares and indirectly owns 23,101.75 shares through a 401-K plan.

Sentiment

Score: 4

Explanation: The withdrawal of restricted stock units, while not a cash sale, reduces the CEO's potential future equity alignment. Without further explanation for the withdrawal, it is a slightly negative or neutral event regarding insider confidence.

Negatives

• Withdrawal of 114,741 restricted stock units previously granted to the President & CEO, reducing his potential future equity stake in the company.

Future Outlook

NA

Industry Context

This filing is a routine insider transaction report (Form 4) detailing a change in beneficial ownership for a key executive. It does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: The withdrawal of RSUs reduces the CEO's potential future equity stake, which could be interpreted as a minor signal regarding long-term incentive alignment, though the reason for withdrawal is not disclosed.

Key Dates

Keywords

Northwest Bancshares, NWBI, Louis J. Torchio, Restricted Stock Units, RSU, Insider Transaction, Form 4, CEO, Director, Stock Ownership