Betchkal Gregory J. 4

What Happened

Gregory J. Betchkal, Chief Risk Officer of Northwest Bancshares (NWBI), had 1,484 shares withheld to satisfy his tax withholding obligation when restricted stock units vested. The shares were valued at $12.21 each for a total withholding of $18,120. This was a tax-withholding disposition (routine) rather than an open-market sale.

Key Details

• Transaction date: 2026-03-20
• Report filed: 2026-03-24 (filed within the 2 business-day SEC Form 4 deadline)
• Shares withheld/disposed: 1,484 shares at $12.21 per share — total value $18,120
• Transaction code: F (payment of exercise price or tax liability)
• Footnote: F1 — reflects shares withheld to satisfy the reporting person's tax withholding obligation upon the vesting of a restricted stock unit.
• Shares owned after transaction: not specified in the provided filing details.

Context

This was a tax-withholding action tied to RSU vesting (common and typically routine) and does not necessarily indicate an intent to sell additional shares on the open market. Transaction code F signals the shares were retained by the company to cover taxes rather than sold by the insider in a market transaction.