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Northwest Bancshares, Inc.·4

Mar 24, 4:51 PM ET

DesMarteau Jacques Marc 4

Research Summary

AI-generated summary

Updated

NWBI Chief Commercial Banking Officer Withholds 1,202 Shares for Taxes

What Happened

Jacques Marc DesMarteau, Chief Commercial Banking Officer at Northwest Bancshares, had 1,202 shares withheld on March 20, 2026 to satisfy tax withholding related to the vesting of restricted stock units. The shares were valued at $12.21 each, for a total of $14,676. This action is a withholding/tax payment (transaction code F), not an open-market sale or purchase.

Key Details

  • Transaction date: 2026-03-20. Form filed: 2026-03-24 (timely file).
  • Shares withheld/disposed: 1,202 shares at $12.21 per share; total value $14,676.
  • Shares owned after transaction: Not disclosed in the filing provided.
  • Footnote: F1 — reflects shares withheld to satisfy the reporting person's tax withholding obligation upon the vesting of a restricted stock unit.
  • No indication of a 10% owner status, 10b5-1 plan, or other trading plan in this filing.

Context

Withholding shares to meet tax obligations upon RSU vesting is routine and typically does not signal a change in the insider’s view of the company. Transaction code F simply denotes shares withheld for taxes rather than a market sale or purchase.