Northwest Bancshares (NWBI) CEO Louis J. Torchio Receives Award

What Happened

• Louis J. Torchio, President & CEO and a director of Northwest Bancshares (NWBI), received a grant of 125,298 restricted stock units (RSUs) on July 31, 2026. The award was recorded at $0.00 per share (no cash paid) and is reported as an acquisition/award rather than an open‑market purchase.
• The grant includes dividend equivalent rights related to previously awarded RSUs; the dividend equivalents are subject to the same terms as the underlying RSUs.

Key Details

• Transaction date: 2026-07-31; Form 4 filed: 2026-08-04 (filed within the required reporting window).
• Transaction type/code: Award/Grant (A).
• Amount: 125,298 RSUs at $0.00; no cash exchanged at grant.
• Vesting: The RSUs will fully vest on December 21, 2028 (footnote F1).
• Dividend equivalents: Represents dividend equivalent rights accrued on previously granted RSUs; subject to same terms as the RSUs (footnote F2).
• Shares owned after transaction: Not specified in the provided filing.

Context

• RSUs are equity compensation that convert to shares (or equivalent value) only after vesting; this award does not represent an immediate market purchase or sale. Such grants are common forms of executive compensation and are not direct indicators of near‑term buying or selling by the insider.