Bowers Urich T 4

What Happened

• Urich T. Bowers, Chief Cons. Banking / Strat Off at Northwest Bancshares (NWBI), had 1,589 shares withheld to satisfy tax withholding upon the vesting of restricted stock units (RSUs). The withholding value was $22,802 based on a per-share value of $14.35 on 2026-06-18.
• This was not an open‑market sale of shares but a routine tax-withholding disposition tied to RSU vesting.

Key Details

• Transaction date: 2026-06-18; reported on Form 4 filed 2026-06-22 (timely filing).
• Shares withheld/disposed: 1,589 at $14.35 per share; total $22,802.
• Transaction code: F (payment of exercise price or tax liability; here, tax withholding on RSU vesting).
• Footnotes: F1 confirms 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 are subject to the same terms as the RSUs.
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.

Context

• Share withholding to cover taxes on vested RSUs is a common, administrative transaction and does not necessarily indicate buying or selling intent in the market.
• For retail investors, purchase transactions typically carry more interpretive weight; this withholding is routine compensation tax handling rather than a directional insider trade.