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125,298 restricted stock units represent the sum of three components in Northwest Bancshares' (NWBI) July 22, 2026 board action for chief executive Lou Torchio.
The units cover shares rescinded from Torchio's December 2024 award after it exceeded plan limits, plus shares the Compensation Committee had planned to grant in the regular annual cycles of March 2025 and March 2026.
Northwest Bancshares disclosed the award in an 8-K filed with the SEC on July 24, 2026.
Why the original $2 million award had to be partially rescinded On November 20, 2024, the Compensation Committee and Board approved an RSU award valued at $2,000,000 divided by the closing price of NWBI shares on the grant date.
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