Cygnar Devin T 4
Research Summary
AI-generated summary
Northwest Bancshares (NWBI) Chief Marketing & Communications Officer Devin Cygnar Receives RSUs
What Happened Devin T. Cygnar, Chief Marketing & Communications Officer of Northwest Bancshares (NWBI), was granted 4,941 restricted stock units (RSUs) on March 13, 2026. The Form 4 reports an acquisition price of $0.00 for the award (typical for RSU grants), so no cash was paid in connection with the grant. This is a compensation award rather than an open‑market purchase or sale.
Key Details
- Transaction date: 2026-03-13; Filing date: 2026-03-17 (filed within the SEC two-business-day window).
- Transaction type: Award/Grant (code A). Shares acquired: 4,941; reported acquisition price: $0.00.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnote: F1 — One-third of the RSU grant vests each year beginning March 13, 2027, and on each March 13 thereafter through March 13, 2029.
- No 10b5-1 plan, tax‑withholding sale, or late‑filing flag noted in the provided data.
Context RSU grants are a form of employee compensation and do not by themselves indicate buying or selling sentiment; they typically vest over time (here, over three years). The reported $0 acquisition price reflects that the units were awarded, not purchased; value will crystallize as shares vest according to the stated schedule.