Colestro James M 4
4 · Northwest Bancshares, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
Northwest Bancshares (NWBI) James M. Colestro Withholds 601 Shares for Taxes
What Happened James M. Colestro, Chief Retail Lending Officer at Northwest Bancshares (NWBI), had 601 shares withheld to satisfy his tax withholding obligation when restricted stock units vested. The withholding occurred at an effective price of $12.21 per share for a total value of $7,338. This was a tax-withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-03-20; Price per share: $12.21; Shares withheld/disposed: 601; Total value: $7,338.
- Transaction code: F (shares withheld to satisfy tax withholding on vested RSUs).
- Shares owned after the transaction: not reported in the provided filing details.
- Filing: Report filed 2026-03-24 (within the Form 4 two-business-day filing window for a 2026-03-20 transaction).
Context This was a routine tax-withholding event tied to RSU vesting (a cashless transaction where the company retains shares to cover taxes). Such withholdings are administrative and do not necessarily indicate insider sentiment about the stock. Purchases or open-market sales are generally more informative about an insider's view.
Insider Transaction Report
- Tax Payment
Northwest Bancshares, Inc. Common Stock
[F1]2026-03-20$12.21/sh−601$7,338→ 37,065.02 total
- 25,328.442(indirect: 401-K)
Northwest Bancshares, Inc. Common Stock
Footnotes (1)
- [F1]Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit.