Northwest Bancshares (NWBI) CFO Douglas Schosser Withholds 3,845 Shares

What Happened Douglas M. Schosser, Chief Financial Officer of Northwest Bancshares, had 3,845 restricted stock units (RSU) shares withheld to satisfy his tax withholding obligation upon vesting. The shares were recorded as disposed at $12.21 per share, for a total value of $46,947. This was a tax-withholding disposition tied to an award vesting, not an open-market sale.

Key Details

• Transaction date: 2026-03-20; filing date (Form 4): 2026-03-24 (filed within the standard 2-business-day window).
• Price per share: $12.21; shares withheld/disposed: 3,845; total value: $46,947.
• Transaction code: F (payment of exercise price or tax liability); footnote: shares withheld to satisfy tax withholding on RSU vesting.
• Shares owned after the transaction: not provided in the excerpt of the filing.

Context Withholding shares to cover taxes when RSUs vest is routine and does not indicate a discretionary sale by the insider. For investors, purchases or open-market sales typically carry more informational weight about insider sentiment than tax-withholding disposals.