Siegfried Erin Freund 4

What Happened

• Siegfried Erin Freund, Chief Legal Counsel and Corporate Secretary of Northwest Bancshares (NWBI), received an award of 10,197 restricted stock units (RSUs) on March 13, 2026. The transaction is reported as an award/acquisition (Code A) with a reported acquisition price of $0.00 (i.e., no cash purchase).
• This is a compensation grant (not an open-market purchase or sale) and does not reflect an immediate cash transaction or sale of shares.

Key Details

• Transaction date: 2026-03-13; Form 4 filed: 2026-03-17 (timely; within required reporting window).
• Shares/units granted: 10,197 RSUs; reported price: $0.00.
• Vesting: One-third vests each year beginning March 13, 2027, with subsequent vesting on March 13, 2028 and March 13, 2029 (Footnote F1).
• Footnote F2: Portion (or related entry) represents dividend equivalent rights accrued on previously granted RSUs; those equivalents follow the same terms as the underlying RSUs.
• Shares owned after the transaction: not disclosed in the filing.

Context

• RSU grants are a form of equity compensation that vest over time; they typically do not indicate an insider buying or selling shares and are standard compensation for executives.
• No sale or exercise occurred here—economic benefit depends on future vesting and the company’s share price at vesting.