Colestro James M 4

What Happened James M. Colestro, Chief Retail Lending Officer at Northwest Bancshares (NWBI), had 746 shares withheld on March 9, 2026 to satisfy his tax withholding obligation related to the vesting of restricted stock units (RSUs). The withholding was recorded at $12.28 per share for a total value of $9,161. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-03-09; filing date: 2026-03-11.
• Withheld shares: 746 at $12.28 per share; total value $9,161.
• Transaction code: F (tax withholding to satisfy tax liability on RSU vesting).
• Footnotes: F1 confirms shares were withheld to satisfy the reporting person's tax withholding on RSU vesting; F2 notes dividend equivalent rights accrue on these RSUs; F3 denotes transactions not required to be reported under Section 16.
• Shares owned after the transaction: not disclosed in the provided summary (see the filed Form 4 for current holdings).
• No late-filing indicator was provided in the summary.

Context Tax-withholding dispositions like this are routine administrative actions when RSUs vest (a form of "cashless" settlement to cover taxes) and do not necessarily signal an executive decision to sell shares on the market. For full details (including post-transaction holdings and exact filing text), consult the SEC Form 4 filing (Accession 0001943943-26-000002).