DesMarteau Jacques Marc 4
4 · Northwest Bancshares, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Northwest Bancshares (NWBI) Exec DesMarteau Withholds 1,741 Shares
What Happened
- Jacques Marc DesMarteau, Chief Commercial Banking Officer of Northwest Bancshares (NWBI), had 1,741 shares withheld to satisfy tax withholding when restricted stock units (RSUs) vested. The shares were recorded at $12.28 each, for a total value of $21,379. This was a withholding (disposition) to cover tax liability, not an open-market sale or purchase.
Key Details
- Transaction date: 2026-03-09; Filing date: 2026-03-11 (filed timely).
- Price per share: $12.28; Total value: $21,379.
- Shares involved: 1,741 shares were withheld/disposed to cover taxes.
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 indicates the withholding satisfied the reporting person's tax obligation on RSU vesting. F2 notes dividend equivalent rights accrue on RSUs and follow the same terms as the underlying RSUs.
Context
- This is a routine tax-withholding event tied to RSU vesting, common for equity compensation. It should not be interpreted as an independent buy or sell decision about the company’s stock.
Insider Transaction Report
Form 4
DesMarteau Jacques Marc
Chief Comm. Banking Officer
Transactions
- Tax Payment
Northwest Bancshares, Inc. Common Stock
[F1][F2][F3]2026-03-09$12.28/sh−1,741$21,379→ 46,224.589 total
Footnotes (3)
- [F1]Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit.
- [F2]Represents dividend equivalent rights accrued on RSUs previously granted to the reporting person. Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.
- [F3]Reflects transactions not required to be reported pursuant to Section 16 of the Securities Exchange Act of 1934, as amended.
Signature
Jacques M. DesMarteau by Douglas M. Schosser, Attorney-in-Fact|2026-03-11