Torchio Louis J 4

What Happened
Louis J. Torchio, President & CEO and a director of Northwest Bancshares, purchased 3,500 shares of NWBI in an open-market transaction on March 6, 2026. The shares were acquired at an average price of $12.16 per share (total cost about $42,560). This was a purchase (insider buy), which investors often view as more informative than routine sales.

Key Details

• Transaction date: 2026-03-06 (open-market purchase, code P)
• Price: average $12.16 per share; footnote F1 says the average covers 3 lots with a high of $12.170 and a low of $12.160
• Shares acquired: 3,500; total value ≈ $42,560
• Shares owned after transaction: not specified in the provided filing details
• Filing date: 2026-03-09 — appears to be filed timely (within the Form 4 reporting window)
• Footnote F2: the filing notes certain transactions in the form are not required to be reported under Section 16 of the Exchange Act

Context
This was a straightforward open-market purchase (not an option exercise, award, or gift). The provided filing does not indicate a 10b5-1 trading plan or other exemptions for this purchase. Insider purchases can be of interest to retail investors as one data point on management’s view of the company, but they do not, by themselves, prove future performance.