STOCK TITAN

Northwest Bancshares (NWBI) officer has 601 shares withheld for taxes

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

Rhea-AI Filing Summary

Northwest Bancshares, Inc. executive James M. Colestro reported a routine tax-related share withholding. On the vesting of a restricted stock unit, 601 shares of Northwest Bancshares common stock were withheld at a price of $12.21 per share to satisfy his tax withholding obligation.

After this disposition, he directly holds 37,065.02 shares of common stock. The filing also shows an additional 25,328.442 shares held indirectly through a 401-K account, illustrating both his direct and retirement-plan ownership positions in the company.

Positive

  • None.

Negative

  • None.
Insider Colestro James M
Role Chief Retail Lending Officer
Type Security Shares Price Value
Tax Withholding Northwest Bancshares, Inc. Common Stock 601 $12.21 $7K
holding Northwest Bancshares, Inc. Common Stock -- -- --
Holdings After Transaction: Northwest Bancshares, Inc. Common Stock — 37,065.02 shares (Direct); Northwest Bancshares, Inc. Common Stock — 25,328.442 shares (Indirect, 401-K)
Footnotes (1)
  1. [object Object]
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)
03/20/2026
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 Stock03/20/2026F601D$12.2137,065.02(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-Fact03/24/2026
** 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 601 shares of common stock withheld to cover tax obligations upon vesting of a restricted stock unit. This is a tax-withholding disposition, not an open-market sale or purchase of new shares.

How many Northwest Bancshares (NWBI) shares were involved in the latest Form 4?

The Form 4 shows 601 Northwest Bancshares common shares withheld at $12.21 per share to satisfy James M. Colestro’s tax withholding obligation. The transaction is coded as a tax-related disposition rather than a voluntary sale in the open market.

What are James M. Colestro’s Northwest Bancshares (NWBI) holdings after this transaction?

After the tax-withholding disposition, James M. Colestro holds 37,065.02 Northwest Bancshares common shares directly. The filing also lists 25,328.442 additional shares held indirectly through a 401-K account, reflecting his combined direct and retirement-plan exposure to the company’s stock.

Was the Northwest Bancshares (NWBI) insider transaction a sale or tax withholding?

The transaction was tax withholding, not an open-market sale. 601 shares were delivered to satisfy James M. Colestro’s tax obligation when a restricted stock unit vested, as indicated by the Form 4 code F and the accompanying explanatory footnote.

What role does James M. Colestro hold at Northwest Bancshares (NWBI)?

James M. Colestro serves as Chief Retail Lending Officer at Northwest Bancshares. The reported Form 4 transaction reflects shares withheld for taxes upon RSU vesting, providing insight into his equity-based compensation and ongoing ownership stake in the company.