Creal Thomas K IV 4

What Happened

• Thomas K. Creal IV, Chief Credit Officer of Northwest Bancshares (NWBI), had 1,509 shares disposed (withheld) to satisfy tax withholding upon the vesting of restricted stock units (RSUs). The shares were valued at $12.28 each, for a total of $18,531. This is a withholding-to-cover tax event (transaction code F), not an open‑market sale.

Key Details

• Transaction date: 2026-03-09; Filing date: 2026-03-11 (Form 4 accession 0001809099-26-000002) — appears timely.
• Price per share: $12.28; Shares withheld/disposed: 1,509; Total value: $18,531.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Relevant footnotes in the filing:
  • F1: Shares withheld to satisfy the reporting person's tax withholding obligation on RSU vesting (applies here).
  • F2: Notes dividend-equivalent rights accrued on RSUs (general background on RSU terms).
  • F3: Indicates some transactions in the filing may not be reportable under Section 16 (general filing note).
• Transaction type: F (tax withholding) — routine administrative disposition rather than a market-directional trade.

Context

• Withholding shares to cover taxes on vested RSUs is a common administrative action and does not necessarily signal insider buying or selling intent in the open market. It reduces the insider’s share count to satisfy tax obligations rather than representing an investment decision.