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Northwest Bancshares, Inc.·4

Mar 11, 3:18 PM ET

Schosser Douglas M 4

Research Summary

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Northwest Bancshares (NWBI) CFO Douglas Schosser Sells 2,264 Shares

What Happened
Douglas M. Schosser, Chief Financial Officer of Northwest Bancshares (NWBI), had 2,264 shares withheld to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs). The filing reports the shares at $12.28 per share, totaling approximately $27,802. This was a withholding for taxes on vested awards (reported as a disposition), not an open-market sale.

Key Details

  • Transaction date: 2026-03-09; Filing date: 2026-03-11 (filed within the typical 2-business-day window).
  • Shares withheld/removed: 2,264 shares at $12.28 each — total ~$27,802.
  • Transaction code: F (payment of exercise price or tax liability via share withholding).
  • Footnote F1: confirms shares were withheld to satisfy the reporting person's tax withholding on RSU vesting.
  • Additional footnotes in the filing: F2 notes dividend equivalent rights on RSUs; F3 notes some transactions may not require reporting.
  • Shares owned after transaction: not specified in the Form 4 filing.

Context
This was a routine tax-withholding disposition tied to RSU vesting — common for executives and not typically interpreted as a directional market signal. The shares were withheld (cashless-type settlement for taxes) rather than sold on the open market.