Torchio Louis J 4

What Happened

• Louis J. Torchio, President, Chief Executive Officer and a director of Northwest Bancshares (NWBI), was granted 40,782 restricted stock units (RSUs) on March 13, 2026. The Form 4 reports the acquisition at $0.00 per share (total reported value $0), reflecting an equity award rather than an open‑market purchase or sale.

Key Details

• Transaction date: March 13, 2026. Form 4 filed: March 17, 2026 (timely — within the two business‑day SEC filing window for a March 13 transaction).
• Transaction code: A (award/grant/acquisition).
• Shares involved: 40,782 RSUs; reported acquisition price: $0.00.
• Vesting: One‑third of the grant vests on March 13, 2027, with the remaining two thirds vesting annually on each March 13 through March 13, 2029 (footnote F1).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Nature of transaction: equity compensation/retention award — not an indicator of an open‑market buy or sell.

Context

• RSU grants are a common form of executive compensation and are typically intended for retention and aligning executive interests with shareholders; they are different from outright purchases (which can be viewed as a stronger bullish signal) or sales (which may be routine or for diversification/taxes).
• Because this is an award, it reflects compensation protocol rather than an immediate market bet by the executive.