Cygnar Devin T 4

What Happened

• Devin T. Cygnar, Chief Marketing & Communications Officer of Northwest Bancshares (NWBI), had 613 restricted stock units (RSU) shares withheld to satisfy tax withholding obligations upon vesting. The withholding was recorded as a disposition at $12.28 per share for a total of $7,528. This was a tax-withholding event—not an open-market sale or purchase.

Key Details

• Transaction date: 2026-03-09; filing date: 2026-03-11 (filed timely).
• Price per share: $12.28; shares withheld (disposed): 613; total value ≈ $7,528.
• Shares owned after transaction: not specified in the provided summary.
• Relevant footnotes from the filing:
  • F1: Shares withheld to satisfy the reporting person's tax withholding obligation upon RSU vesting.
  • F2: Notes dividend equivalent rights on previously granted RSUs (subject to same terms as the RSUs).
  • F3: Notes certain transactions that were not required to be reported under Section 16.
• Transaction code: F (payment of exercise price or tax liability / tax withholding).

Context

• Withholding shares to cover taxes on vested RSUs is a routine administrative action and does not by itself signal insider sentiment about the company's stock. This was not a cash sale on the open market; it reduced the insider's outstanding RSUs by the withheld amount.