Canfield Joseph D Jr 4
4 · Northwest Bancshares, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Northwest Bancshares (NWBI) Chief Accounting Officer Sells 547 Shares
What Happened
Joseph D. Canfield Jr., Chief Accounting Officer of Northwest Bancshares (NWBI), had 547 shares withheld to satisfy tax withholding related to the vesting of restricted stock units. The shares were valued at $12.28 each, for a total of approximately $6,717 (transaction reported as "disposed" under code F).
Key Details
- Transaction date: 2026-03-09; Filing date (Form 4): 2026-03-11 (appears timely for a March 9 transaction).
- Price: $12.28 per share; Shares withheld/disposed: 547; Total value ≈ $6,717.
- Shares owned after transaction: Not specified in the provided filing summary.
- Footnotes: F1 indicates shares were withheld to satisfy the reporting person's tax withholding obligation upon RSU vesting. F2 (in the filing) notes dividend equivalent rights accrue on prior RSUs and are subject to the same terms.
- Transaction code F = tax withholding (a withholding disposition), not an open-market sale.
Context
This was a routine tax-withholding event tied to RSU vesting rather than an active market sale. Such withholding is common and generally does not signal the insider's view of the company's stock. Dividend-equivalent accruals tied to RSUs were also noted in the filing and follow the underlying RSU terms.
Insider Transaction Report
- Tax Payment
Northwest Bancshares, Inc. Common Stock
[F1][F2]2026-03-09$12.28/sh−547$6,717→ 12,996.002 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.