Northwest Bancshares (NASDAQ: NWBI) officer uses 243 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northwest Bancshares, Inc. Chief Credit Officer Thomas K. Creal IV reported routine equity compensation activity. The company withheld 243 shares of common stock at $13.89 per share to cover his tax obligation upon vesting of a restricted stock unit, rather than an open-market sale. After this tax-withholding disposition, he directly holds 53,008.991 common shares and indirectly holds 5,165.306 shares through a 401-K account. The filing also notes dividend equivalent rights that accrue on his previously granted restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Creal Thomas K IV
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Northwest Bancshares, Inc. Common Stock | 243 | $13.89 | $3K |
| holding | Northwest Bancshares, Inc. Common Stock | -- | -- | -- |
Holdings After Transaction:
Northwest Bancshares, Inc. Common Stock — 53,008.991 shares (Direct, null);
Northwest Bancshares, Inc. Common Stock — 5,165.306 shares (Indirect, 401-K)
Footnotes (1)
- Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit. 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.
Key Figures
Tax-withholding shares: 243 shares
Tax-withholding price: $13.89 per share
Direct holdings after transaction: 53,008.991 shares
+1 more
4 metrics
Tax-withholding shares
243 shares
Shares withheld to satisfy tax obligation on RSU vesting
Tax-withholding price
$13.89 per share
Value applied to withheld shares
Direct holdings after transaction
53,008.991 shares
Common stock directly held after tax withholding
401-K indirect holdings
5,165.306 shares
Common stock held indirectly through 401-K
Key Terms
restricted stock unit, tax withholding obligation, dividend equivalent rights, 401-K
4 terms
restricted stock unit financial
"upon the vesting of a restricted stock unit"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
tax withholding obligation financial
"shares withheld to satisfy reporting person's tax withholding obligation"
dividend equivalent rights financial
"Represents dividend equivalent rights accrued on RSUs previously granted"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
401-K financial
"indirectly holds 5,165.306 shares through a 401-K account"
