Northwest Bancshares CIO Scott J. Watson Withholds 846 Shares

What Happened

• Scott J. Watson, Chief Information Officer of Northwest Bancshares (NWBI), had 846 shares withheld to satisfy tax withholding when restricted stock units (RSUs) vested. The shares were valued at $12.28 each for a total of $10,389. This was a tax-withholding disposition (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-03-09; filing date: 2026-03-11 (appears timely).
• Price per share: $12.28; shares withheld/disposed: 846; total value: $10,389.
• Shares owned after the transaction: not disclosed in the Form 4.
• Transaction code: F — shares withheld to satisfy tax obligations upon RSU vesting (see footnote F1).
• Other footnotes in the filing: F2 (dividend equivalent rights on RSUs) and F3 (transactions not required to be reported) are listed in the filing but are not the primary reason for this disposition.

Context

• Withholding shares to cover taxes on vested RSUs is a routine administrative action and is different from an active sale or purchase in the market. Such tax-withholdings do not necessarily indicate the insider’s view of the company’s stock. For retail investors, outright purchases by insiders are generally more informative about insider sentiment than tax-withholding dispositions.