Northwest Bancshares (NWBI) CAO Joseph Canfield Withholds 974 Shares for Taxes

What Happened

• Joseph Canfield, Chief Accounting Officer of Northwest Bancshares (NWBI), had 974 shares withheld on 2026-07-29 to satisfy tax withholding related to the vesting of restricted stock units (RSUs). The withholding was executed at $15.89 per share for a value of $15,477. This was an administrative tax-withholding transaction (not an open-market sale).

Key Details

• Transaction date: 2026-07-29; reported on Form 4 filed 2026-07-31 (timely filing).
• Price per share: $15.89; total value withheld: $15,477.
• Shares owned after the transaction: not specified in the provided filing.
• Transaction code: F — payment of exercise price or tax liability via share withholding.
• Footnotes: F1 — shares were withheld to satisfy the reporting person’s tax withholding obligation upon RSU vesting. F2 — dividend equivalent rights accrued on previously granted RSUs; these equivalents follow the same terms as the underlying RSUs.

Context

• Withholding shares to cover taxes is a routine administrative step when RSUs vest and does not reflect an intentional open-market sale or change in investment stance. For retail investors, outright purchases by insiders tend to be more indicative of bullish sentiment than withholding transactions.