Paup Mark A 4
Research Summary
AI-generated summary
Northwest Bancshares Director Mark Paup Receives Award of 4,053 Shares
What Happened Mark A. Paup, a director of Northwest Bancshares, Inc. (NWBI), was granted 4,053 restricted common shares on June 5, 2026. The shares were issued at $0.00 (no cash paid) and the grant is reported as an award/acquisition (code A). According to the filing, these restricted stock awards will fully vest on June 5, 2027.
Key Details
- Transaction date: June 5, 2026 (reported on Form 4 filed June 9, 2026).
- Transaction type and amount: Award/Grant of 4,053 shares at $0.00 (total reported cash consideration $0).
- Vesting: Footnote F1 — the RSA grant will fully vest on June 5, 2027.
- Additional footnote: F2 — reflects transactions not required to be reported pursuant to Section 16.
- Shares owned after transaction: not disclosed in this filing.
- Timeliness: Filing dated June 9, 2026 — four days after the grant date; Form 4s are generally due within two business days, so this filing appears delayed.
Context This was a compensation award (restricted stock), not an open-market purchase or sale. Such grants are common for directors and typically tie compensation to future service or performance; they do not by themselves signal a near-term trading intention. The shares will remain subject to vesting until the stated date and may be subject to withholding or other plan provisions when they vest.