Cygnar Devin T 4
Research Summary
AI-generated summary
Northwest Bancshares (NWBI) CMO Devin Cygnar Withholds 411 Shares
What Happened
- Devin T. Cygnar, Chief Marketing & Communications Officer of Northwest Bancshares, had 411 shares withheld to satisfy tax withholding upon the vesting of restricted stock units (RSUs). The filing reports those 411 shares disposed at $12.26 per share, for a total value of $5,039. (Transaction code F — tax withholding/settlement.)
Key Details
- Transaction date: 2026-03-16; Filing date: 2026-03-18 (appears filed within the normal 2-business-day window).
- Price: $12.26 per share; Total value: $5,039.
- Shares affected: 411 shares withheld/disposed to cover tax obligations.
- Footnote: F1 — reflects shares withheld to satisfy the reporting person's tax withholding obligation upon RSU vesting.
- Shares owned after the transaction: not specified in the provided filing summary.
Context
- This was a tax-withholding settlement related to vested RSUs (not an open-market sale or a purchase). Withholding to cover taxes is routine and generally not considered a directional insider signal about company prospects.