Northwest Bancshares corrects insider tax withholding
The amendment corrects the previously reported withholding amount and Gregory J. Betchkal’s share balance after the transactions.
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Rhea-AI Filing Summary
Northwest Bancshares, Inc. (NWBI) Chief Risk Officer Gregory J. Betchkal reported 2,891 shares and 3,351 shares withheld on March 9, 2026, each at $12.28 per share, for tax withholding upon restricted stock unit vesting. The amendment corrects the previously reported withholding amount and share balance. A separate holding entry lists 5,000 shares held indirectly through an IRA.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Northwest Bancshares, Inc. Common Stock F1, F2 | 2,891 | $12.28 | $36K |
| Tax Withholding | Northwest Bancshares, Inc. Common Stock F3, F1 | 3,351 | $12.28 | $41K |
| holding | Northwest Bancshares, Inc. Common Stock | -- | -- | -- |
Footnotes (3)
- 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.
- F3. The reporting person's Form 4 filed on 3/11/26 incorrectly stated the number of shares withheld to satisfy tax withholding related to the vesting of a restricted stock unit award. This Form 4/A is being filed to amend the 3/11/26 Form 4 to report the correct number of shares withheld to satisfy tax withholding and to correct the reporting person's balance of shares following the transaction.
Key Figures
Key Terms
restricted stock unit financial
dividend equivalent rights financial
tax withholding obligation financial
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