Form 4: Northwest Bancshares Officer Disposes of Shares for Tax Withholding
Insider Transaction Report
Northwest Bancshares, Inc.'s Chief Commercial Banking Officer, Jacques Marc DesMarteau, disposed of 2,215 shares of common stock to satisfy tax withholding obligations related to restricted stock unit vesting.
Summary
- Jacques Marc DesMarteau, Chief Commercial Banking Officer of Northwest Bancshares, Inc. (NWBI), reported a disposition of company common stock.
- The transaction occurred on June 24, 2025, and involved the disposition of 2,215 shares of Northwest Bancshares, Inc. Common Stock.
- The shares were disposed of at a price of $12.19 per share.
- The disposition was identified as a transaction (Code 'F') where shares were withheld by the issuer to satisfy the reporting person's tax withholding obligation upon the vesting of a restricted stock unit.
- Following this transaction, Jacques Marc DesMarteau beneficially owns 46,266.121 shares of Northwest Bancshares, Inc. Common Stock directly.
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares for tax withholding purposes upon the vesting of restricted stock units, which is a neutral event regarding company performance or executive sentiment.
Positives
- The transaction reflects the vesting of restricted stock units, indicating the executive's continued equity participation and alignment with shareholder interests.
Negatives
- The disposition of shares was solely for tax withholding purposes and does not indicate a sale by the executive for personal liquidity or a change in investment sentiment.
Future Outlook
NA
Industry Context
NA
Stakeholder Impact
- Shareholders: The transaction is a routine event related to executive compensation and is unlikely to have a significant direct impact on the share price or company operations. It confirms the vesting of executive equity.
Key Dates
| Date | Description |
|---|---|
| 06/24/2025 | Date of the reported transaction (disposition of shares). |
| 06/25/2025 | Date the Form 4 filing was signed and submitted. |
Keywords
Northwest Bancshares, NWBI, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, Executive Compensation, Jacques Marc DesMarteau
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