secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2026-07-24T20:05:33+00:00
Accession:  0001471265-26-000028
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NWBI grants 125,298 RSUs to CEO Torchio after plan limit increase
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- Compensation Committee approved 125,298 RSUs to CEO Lou Torchio on July 22, 2026, effective July 31, 2026.
- New Award replaces portion of $2M Original Award (Dec 2024) rescinded for exceeding prior plan limit.
- Award vests on fourth anniversary of grant date, settled in two installments; accelerated vesting upon death, disability, or certain terminations.
- Shareholders approved 2026 Equity Incentive Plan on May 20, 2026, raising individual grant limit to $5M from $1M.
- New Award includes shares that would have been granted in March 2025 and March 2026 under higher limit.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126526000028/0001471265-26-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126526000028/nwbi-20260722.htm
  HTML page:      https://secwatch.observer/filing/0001471265-26-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer