Kane Kyle P. 4
4 · Northwest Bancshares, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Northwest Bancshares CPO Kyle P. Kane Sells 762 Shares (Tax Withholding)
What Happened
Kyle P. Kane, Chief People Officer of Northwest Bancshares (NWBI), had 762 shares "disposed" on 2026-03-09 as a tax-withholding payment tied to the vesting of restricted stock units (RSUs). The shares were valued at $12.28 each, for a total of $9,357. This was a withholding action (routine) to satisfy tax obligations on vested RSUs, not an independent open-market sale signaling investment intent.
Key Details
- Transaction date: 2026-03-09; filing date (Form 4): 2026-03-11 (timely).
- Price per share: $12.28; shares withheld/disposed: 762; total value: $9,357.
- Transaction code: F — payment of exercise price or tax liability (shares withheld).
- Shares owned after the transaction: not specified in the provided filing excerpt. Check the full Form 4 for post-transaction holdings.
- Footnotes:
- F1: Shares were withheld to satisfy the reporting person’s tax withholding obligation upon RSU vesting.
- F2: References dividend equivalent rights accrued on previously granted RSUs; these carry the same terms as the underlying RSUs.
Context
This is a common, administrative transaction when RSUs vest: the company withholds a portion of shares to cover required taxes. Such withholding dispositions are routine and do not necessarily reflect the insider’s view of the company’s stock.
Insider Transaction Report
- Tax Payment
Northwest Bancshares, Inc. Common Stock
[F1][F2]2026-03-09$12.28/sh−762$9,357→ 21,143.714 total
Footnotes (2)
- [F1]Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit.
- [F2]Represents dividend equivalent rights accrued on RSUs previously granted to the reporting person. Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.