Form 4: NWBI Officer Reports Routine Stock Tax Withholding

Northwest Bancshares' Chief Retail Lending Officer, James M. Colestro, reported a disposition of 489 common shares to cover tax obligations.

Summary

• James M. Colestro, Chief Retail Lending Officer of Northwest Bancshares, Inc. (NWBI), reported a transaction on March 16, 2026.
• The transaction involved the disposition of 489 shares of Northwest Bancshares, Inc. Common Stock.
• These shares were withheld to satisfy the reporting person's tax withholding obligation upon the vesting of a restricted stock unit.
• The price per share for the disposition was $12.26.
• Following this transaction, James M. Colestro directly owns 37,666.02 shares of common stock.
• Additionally, 25,328.442 shares are indirectly owned through a 401-K plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The transaction is a routine disposition of shares to cover tax obligations upon the vesting of restricted stock units, which is a common occurrence for executives and does not indicate a change in company fundamentals or management's outlook.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into executive and director stock ownership changes. This specific filing reflects a routine tax withholding event common with restricted stock unit vesting, rather than a discretionary sale or purchase.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a routine, non-discretionary transaction for tax purposes and does not reflect a change in management's confidence or the company's financial health.

Key Dates

Keywords

Northwest Bancshares, NWBI, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock Units, Common Stock