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Northwest Bancshares (NWBI) executive uses 489 shares to cover tax

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Northwest Bancshares, Inc. executive James M. Colestro, Chief Retail Lending Officer, reported a routine tax-related share disposition. On March 16, 2026, 489 shares of Northwest Bancshares common stock were withheld at $12.26 per share to satisfy tax obligations when restricted stock units vested, rather than being sold in the open market. After this withholding, he directly holds 37,666.02 shares, and indirectly holds 25,328.442 shares through a 401‑K account, showing he retains a substantial equity position in the company.

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Insider Colestro James M
Role Chief Retail Lending Officer
Type Security Shares Price Value
Tax Withholding Northwest Bancshares, Inc. Common Stock 489 $12.26 $6K
holding Northwest Bancshares, Inc. Common Stock -- -- --
Holdings After Transaction: Northwest Bancshares, Inc. Common Stock — 37,666.02 shares (Direct); Northwest Bancshares, Inc. Common Stock — 25,328.442 shares (Indirect, 401-K)
Footnotes (1)
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Colestro James M

(Last)(First)(Middle)
3 EASTON OVAL
SUITE 500

(Street)
COLUMBUS OHIO 43219

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Northwest Bancshares, Inc. [ NWBI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Retail Lending Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Northwest Bancshares, Inc. Common Stock03/16/2026F489D$12.2637,666.02(1)D
Northwest Bancshares, Inc. Common Stock25,328.442I401-K
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit.
Remarks:
James M. Colestro by Douglas M. Schosser, Attorney-in-Fact03/18/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Northwest Bancshares (NWBI) report for James M. Colestro?

Northwest Bancshares reported that executive James M. Colestro had 489 shares withheld to cover tax obligations on vesting restricted stock units. This was a tax-withholding disposition, not an open-market sale, and reflects normal equity compensation processing.

Was the Northwest Bancshares (NWBI) Form 4 a stock sale by the insider?

No, the Form 4 shows shares withheld for taxes, not an open-market sale. The 489 shares were used to satisfy James M. Colestro’s tax withholding upon RSU vesting, a routine administrative step in equity compensation plans.

How many Northwest Bancshares (NWBI) shares does James M. Colestro hold after this Form 4?

After the tax withholding, James M. Colestro holds 37,666.02 shares directly and 25,328.442 shares indirectly through a 401‑K account. These combined holdings show continued meaningful exposure to Northwest Bancshares equity following the reported transaction.

What does transaction code F mean in the Northwest Bancshares (NWBI) Form 4?

Transaction code F indicates shares were used to pay taxes or an exercise price. In this case, 489 shares of Northwest Bancshares common stock were withheld to satisfy James M. Colestro’s tax withholding obligation upon vesting of restricted stock units.

Does the Northwest Bancshares (NWBI) Form 4 indicate any option exercises or derivative trades?

The Form 4 data shows no derivative exercises or option-related trades. It records only a tax-withholding disposition of 489 common shares tied to restricted stock unit vesting, plus an updated holding line for shares held indirectly in a 401‑K account.