Barnum Carey A. 4
4 · Northwest Bancshares, Inc. · Filed Mar 24, 2026
Research Summary
AI-generated summary of this filing
NWBI Chief Auditor Barnum Carey Receives Award; 239 Shares Withheld
What Happened
Barnum Carey, Chief Auditor of Northwest Bancshares, had 239 shares withheld to satisfy tax withholding upon the vesting of restricted stock units (RSUs). The withholding occurred on 2026-03-20 at an effective price of $12.21 per share, for a total value of $2,918. This was not an open-market sale or purchase by the insider but a routine tax-withholding disposition associated with an award.
Key Details
- Transaction date: 2026-03-20; Filing date (Form 4): 2026-03-24.
- Disposed/withheld: 239 shares at $12.21 per share; total value reported $2,918.
- Transaction code: F (payment of exercise price or tax liability).
- Footnote: F1 — shares were withheld to satisfy the reporting person's tax withholding obligation upon RSU vesting.
- Shares owned after transaction: not specified in the provided filing excerpt.
- No 10b5-1 plan or late-filing flag is indicated in the information provided.
Context
Withholding shares to cover taxes is a common administrative step when RSUs vest and does not by itself signal the insider buying or selling shares on the open market. Retail investors should view this as a routine compensation-related transaction rather than an expression of confidence or concern about the company.
Insider Transaction Report
- Tax Payment
Northwest Bancshares, Inc. Common Stock
[F1]2026-03-20$12.21/sh−239$2,918→ 7,265.757 total
Footnotes (1)
- [F1]Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit.