Bowers Urich T 4
4 · Northwest Bancshares, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Northwest Bancshares (NWBI) Chief Urich T. Bowers Withholds 1,490 Shares
What Happened Urich T. Bowers, Chief Cons. Banking /Strat Off at Northwest Bancshares (NWBI), had 1,490 shares withheld to satisfy tax withholding upon the vesting of restricted stock units (RSUs). The withholding was reported as a disposition at $12.28 per share, totaling $18,297. This was not an open-market sale but a routine tax-withholding event tied to RSU vesting.
Key Details
- Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (appears timely).
- Quantity withheld/disposed: 1,490 shares at $12.28 per share; total value $18,297.
- Transaction code: F — payment of exercise price or tax liability (here used for tax withholding).
- Shares owned after the transaction: not specified in the provided filing text.
- Footnotes: F1 indicates shares were withheld to satisfy the reporting person's tax withholding obligation on RSU vesting. F2 notes dividend equivalent rights accrue on RSUs previously granted and follow the same terms as the underlying RSUs.
Context This is a routine, non-market-disposing event (share withholding to cover taxes on RSU vesting) and does not necessarily signal the insider’s view of the company. For retail investors, outright purchases are generally more informative than routine withholdings.
Insider Transaction Report
- Tax Payment
Northwest Bancshares, Inc. Common Stock
[F1][F2]2026-03-09$12.28/sh−1,490$18,297→ 25,396.261 total
Footnotes (2)
- [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.