Cygnar Devin T 4

What Happened

• Devin T. Cygnar, Chief Marketing & Communications Officer at Northwest Bancshares (NWBI), had 494 shares withheld to satisfy tax withholding upon vesting of restricted stock units (RSUs). The reported disposition is 494 shares at $12.21 per share, totaling $6,032, dated 2026-03-20.
• This was not an open-market sale indicating a bearish view—it's a routine, cashless settlement to cover tax obligations when RSUs vest.

Key Details

• Transaction date: 2026-03-20; Filing date (Form 4): 2026-03-24 (timely).
• Price and value: 494 shares × $12.21 = $6,032.
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: F1 — shares withheld to satisfy the reporting person's tax withholding obligation upon vesting of a restricted stock unit (i.e., tax-withholding/cashless settlement).
• Transaction code F denotes withholding for taxes, not a market sale to a third party.

Context

• When RSUs vest, companies commonly withhold a portion of shares to cover income taxes; this reduces the insider’s reported share count but does not necessarily reflect a decision to sell shares in the market.
• For retail investors, tax-withholding dispositions are routine and generally less informative about insider sentiment than open-market purchases or sales.