Barnum Carey A. 4
Research Summary
AI-generated summary
Northwest Bancshares (NWBI) Chief Auditor Barnum Carey Receives Award
What Happened
Barnum Carey A., Chief Auditor of Northwest Bancshares, received a grant of 3,227 restricted stock units (RSUs) reported on a Form 4 for the 2026-03-13 transaction date. The acquisition price is listed as $0.00 (an award/compensation grant), so no cash changed hands at grant. This is a compensation award rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-13; Form 4 filed 2026-03-17 (timely filing).
- Transaction type/code: Award/Grant (A).
- Shares awarded: 3,227 RSUs; price reported $0.00.
- Shares owned after the transaction: Not disclosed in the filing.
- Vesting/footnote: One-third vests each year beginning March 13, 2027, with remaining installments on March 13, 2028 and March 13, 2029.
- Tax/settlement: RSUs generally convert to shares upon vesting and are typically taxable at that time (tax withholding details not provided).
Context: RSU awards are standard compensation and retention tools and do not represent an open-market buy or sell. They indicate the company granted equity-based pay to a senior executive but do not, by themselves, signal immediate buying or selling intent.