Canfield Joseph D Jr 4

What Happened

• Joseph D. Canfield Jr., Chief Accounting Officer of Northwest Bancshares (NWBI), was granted 4,411 restricted stock units (RSUs) on March 13, 2026. The award was recorded at $0.00 per share (no cash paid at grant). This is an equity award (not a market purchase or sale).

Key Details

• Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-17).
• Transaction type/code: Award/Grant (A).
• Shares granted: 4,411 RSUs; grant price recorded as $0.00 (no cash outlay).
• Vesting: One-third vests each year beginning March 13, 2027 and on each March 13 thereafter through March 13, 2029 (per footnote).
• Shares owned after transaction: Not specified in the provided filing details.
• Timeliness: Form 4 filed on 2026-03-17; filing appears timely (within the 2-business-day reporting window).

Context

• RSUs are time-based equity awards that convert to common shares when they vest; they do not represent immediately tradable stock at grant. Such grants are common part of executive compensation and do not necessarily signal near-term buying or selling intent.