Watson Scott J 4

What Happened Scott J. Watson, Chief Information Officer of Northwest Bancshares (NWBI), had 496 shares withheld to satisfy tax withholding when restricted stock units vested. The filing shows a disposition of 496 shares at $12.26 per share, totaling roughly $6,081. This was a tax-withholding action (not an open-market sale) and is typically routine following RSU vesting.

Key Details

• Transaction date: 2026-03-16; Filing date: 2026-03-18 (appears timely).
• Transaction type/code: Payment of tax liability / share withholding (Code F).
• Shares transferred: 496 at $12.26 per share — total value ≈ $6,081.
• Footnote: F1 — shares were withheld to satisfy the reporting person's tax withholding obligation upon RSU vesting.
• Shares owned after transaction: Not specified in the provided excerpt.

Context Share withholding to cover taxes is a common, administrative disposition when restricted stock units vest and does not necessarily indicate the insider is selling additional shares or expressing a view on the company's prospects. This differs from open-market sales (which can be more informative about sentiment) and from purchases (which are often viewed more positively by investors).