Form 4: Northwest Bancshares Officer Reports Routine Stock Transaction for Tax Withholding

Devin T. Cygnar, Chief Marketing and Communications Officer at Northwest Bancshares, Inc., reported a disposition of 178 shares of common stock valued at $12.17 per share to cover tax withholding obligations related to a restricted stock award vesting.

Summary

• Devin T. Cygnar, the Chief Marketing and Communications Officer of Northwest Bancshares, Inc. (NWBI), filed a Form 4.
• The transaction occurred on May 30, 2025, and involved the disposition of 178 shares of Northwest Bancshares, Inc. Common Stock.
• These shares were withheld at a price of $12.17 per share to satisfy tax withholding obligations upon the vesting of a restricted stock award.
• Following this transaction, Mr. Cygnar directly beneficially owns 15,414 shares.
• Additionally, Mr. Cygnar indirectly beneficially owns 8,733.9916 shares through a 401-K plan and 13,692.1279 shares through an IRA.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine insider transaction report, common across all industries, reflecting an executive's management of their equity compensation. It does not provide specific insights into broader industry trends within the financial sector.

Key Dates

Keywords

Northwest Bancshares, NWBI, Form 4, insider transaction, stock ownership, restricted stock, tax withholding, Devin T. Cygnar