Northwest Bancshares (NWBI) CMO has 494 shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northwest Bancshares, Inc. Chief Marketing and Communications Officer Devin T. Cygnar reported a routine tax-withholding disposition. On March 20, 2026, 494 shares of Northwest Bancshares common stock were withheld at $12.21 per share to cover taxes upon the vesting of a restricted stock unit award, rather than being sold on the open market.
After this withholding, Cygnar held 19,160.671 shares directly. The filing also shows indirect ownership of 13,692.1279 shares through an IRA and 9,431.1280 shares through a 401(k), reflecting long-term, retirement-related holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Cygnar Devin T
Role
Chief Mktg/Comm. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Northwest Bancshares, Inc. Common Stock | 494 | $12.21 | $6K |
| holding | Northwest Bancshares, Inc. Common Stock | -- | -- | -- |
| holding | Northwest Bancshares, Inc, Common Stock | -- | -- | -- |
Holdings After Transaction:
Northwest Bancshares, Inc. Common Stock — 19,160.671 shares (Direct);
Northwest Bancshares, Inc. Common Stock — 13,692.128 shares (Indirect, IRA);
Northwest Bancshares, Inc, Common Stock — 9,431.128 shares (Indirect, 401-K)
Footnotes (1)
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FAQ
What insider transaction did NWBI executive Devin T. Cygnar report?
Devin T. Cygnar reported a tax-withholding disposition of 494 Northwest Bancshares shares. These shares were withheld at $12.21 each to satisfy tax obligations triggered by the vesting of a restricted stock unit, not through an open-market sale or purchase.
Was the NWBI insider transaction an open-market sale or a routine tax event?
The transaction was a routine tax event, not an open-market sale. Shares were withheld to satisfy Devin T. Cygnar’s tax obligation upon vesting of a restricted stock unit, a common administrative mechanism rather than a discretionary buy or sell decision.