Betchkal Gregory J. 4

What Happened

• Gregory J. Betchkal, Chief Risk Officer of Northwest Bancshares (NWBI), had a total of 11,321 shares disposed on 2026-03-09 to satisfy tax withholding related to vested restricted stock units (RSUs). The filing shows 2,891 shares withheld at $12.28 each ($35,501) and 8,430 shares withheld at $12.28 each ($103,520), for a combined value of about $139,021. This is a tax-withholding disposition tied to RSU vesting rather than an open-market sale.

Key Details

• Transaction date: 2026-03-09
• Price per share: $12.28 for both entries
• Shares withheld/disposed: 2,891 and 8,430 (total 11,321)
• Reported values: $35,501 and $103,520 (total ≈ $139,021)
• Footnotes: F1 indicates shares were withheld to satisfy the reporting person's tax withholding obligation upon RSU vesting; F2 notes dividend equivalent rights accrued on previously granted RSUs and subject to the same terms as the underlying RSUs
• Shares owned after the transaction: not specified in this filing
• Filing timeliness: Filed 2026-03-11 for a 2026-03-09 transaction (timely within the Form 4 reporting window)

Context

• These entries reflect RSU vesting and associated tax withholding (a routine administrative step). The shares were withheld to cover taxes rather than sold in an open-market trade, so this action is not necessarily a directional signal about the insider’s view of the company. Dividend equivalents noted in the footnote are additional accrued amounts paid in shares under the RSU plan.