Ballard Steven Chad 4

What Happened Steven Ballard, Chief Information Officer of Northwest Bancshares, received a grant of 47,217 restricted stock units (RSUs) reported on Form 4 for a 2026-06-05 award. The filing shows a per-share acquisition price of $0.00 (aggregate reported value $0). This was an award/grant (code A), not a purchase or sale.

Key Details

• Transaction date: 2026-06-05 (Form filed 2026-06-09; filing is within the 2 business-day window — timely).
• Grant size and price: 47,217 RSUs at $0.00 per share (aggregate $0 reported).
• Vesting: One-third of the RSUs vest each year beginning June 5, 2027, and on each June 5 thereafter through June 5, 2029 (per footnote).
• Shares owned after transaction: not specified in the provided filing.
• Transaction code: A = Award/Grant. No tax-withholding or sale reported on this Form 4.

Context RSUs are compensation that convert to common shares only as they vest, so this grant does not represent an immediate purchase or sale of NWBI stock. The economic value to the insider will depend on Northwest Bancshares’ share price at each vesting date. Awards like this are routine executive compensation and should be interpreted differently from open-market purchases, which may be stronger signals of insider conviction.