DesMarteau Jacques Marc 4

What Happened

• Jacques Marc DesMarteau, Chief Commercial Banking Officer of Northwest Bancshares (NWBI), was granted 14,038 restricted stock units (RSUs) on March 13, 2026. The grant is reported at $0.00 per share because it is an award (not a purchase or sale).

Key Details

• Transaction date: March 13, 2026; filing date: March 17, 2026 (filed within the SEC’s two-business-day window).
• Amount: 14,038 RSUs; reported acquisition price: $0.00 (award/grant).
• Vesting: One-third of the grant vests each year beginning March 13, 2027, and on each March 13 thereafter through March 13, 2029 (per footnote).
• Shares owned after the transaction: not specified in the filing.
• No 10b5-1 plan, tax-withholding, or sale noted in this Form 4 entry.

Context

• This is a time‑vested compensation award (RSUs). Such grants are a common form of executive pay and do not represent an immediate cash investment or sale. Vesting schedule means the shares will become owned over the next three years if DesMarteau remains eligible.