Torchio Louis J 4

What Happened

• Louis J. Torchio, President & CEO and a director of Northwest Bancshares, had 4,420 shares withheld to satisfy his tax withholding obligation upon the vesting of restricted stock units. The filing reports the shares as disposed at $12.21 per share, for a notional value of $53,968. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-20; Filing date: 2026-03-24 (filed within the SEC deadline).
• Price: $12.21 per share; Shares withheld/disposed: 4,420; Gross value: $53,968.
• Shares owned after transaction: not specified in the filing.
• Footnote: F1 — shares were withheld to satisfy the reporting person’s tax withholding obligation upon RSU vesting.
• Transaction code: F (tax withholding on vesting), not a purchase (P) or open-market sale (S).

Context

• This was a routine share-withholding to cover taxes on vested restricted stock units, effectively a cashless method for paying tax and not a signal of a deliberate open-market sale. Such withholding transactions are common after awards vest and are generally considered administratively driven rather than an expression of market sentiment.