Betchkal Gregory J. 4
Research Summary
AI-generated summary
NWBI Chief Risk Officer Gregory J. Betchkal Withholds 1,273 Shares
What Happened
Gregory J. Betchkal, Chief Risk Officer of Northwest Bancshares (NWBI), had 1,273 shares withheld to satisfy tax withholding when restricted stock units vested. The withholding was recorded at $12.26 per share for a total value of $15,607. The transaction is reported as disposition code F (tax withholding), not an open‑market sale.
Key Details
- Transaction date: 2026-03-16
- Price per share: $12.26; shares withheld: 1,273; total value: $15,607
- Transaction type/code: Tax withholding upon RSU vesting (Code F)
- Footnote: F1 — shares withheld to satisfy the reporting person's tax withholding obligation upon vesting of a restricted stock unit
- Filing date: 2026-03-18 (filed within two business days of the transaction — timely)
- Shares owned after transaction: not specified in the Form 4 filing
Context
This was a routine tax-withholding action tied to RSU vesting (cashless withholding), not a market sale or purchase; such transactions generally reflect tax obligations rather than a change in the insider’s market view.