NW Bancshares auditor reports tax share withholding
Northwest Bancshares, Inc. Chief Auditor Carey A. Barnum reported a routine tax-withholding transaction related to equity compensation.
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Rhea-AI Filing Summary
Northwest Bancshares, Inc. Chief Auditor Carey A. Barnum reported a routine tax-withholding transaction related to equity compensation. On the vesting of a restricted stock unit, 182 shares of Northwest Bancshares common stock were withheld at a price of $12.26 per share to cover tax obligations, rather than being sold on the open market. After this non-market disposition, Barnum’s directly held position stands at 7,504.757 shares of common stock.
Insights
Routine tax withholding on RSU vesting; no open-market sale.
This filing shows Carey A. Barnum, Chief Auditor of Northwest Bancshares, Inc., had 182 common shares withheld at $12.26 per share to satisfy tax obligations upon restricted stock unit vesting. This is coded as an F transaction, a standard equity-compensation mechanism.
The transaction does not reflect an active decision to sell shares in the market and therefore carries weak informational value about management’s view of the stock. Following the withholding, Barnum holds 7,504.757 shares directly, indicating continued equity exposure after this routine compensation event.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Northwest Bancshares, Inc. Common Stock | 182 | $12.26 | $2K |
Footnotes (1)
- F1. Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit.
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