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Northwest Bancshares (NWBI) CCO reports 138-share tax withholding on RSU vesting

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

Rhea-AI Filing Summary

Northwest Bancshares, Inc. Chief Credit Officer Thomas K. Creal IV reported routine compensation-related activity in company stock. On the vesting of a restricted stock unit, 138 shares of common stock were withheld at $13.40 per share to cover his tax obligation, a non-market disposition. After this event, he directly holds 53,248.257 shares of common stock and indirectly holds 5,165.306 shares through a 401-K plan.

Positive

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Insider Creal Thomas K IV
Role Chief Credit Officer
Type Security Shares Price Value
Tax Withholding Northwest Bancshares, Inc. Common Stock 138 $13.40 $2K
holding Northwest Bancshares, Inc. Common Stock -- -- --
Holdings After Transaction: Northwest Bancshares, Inc. Common Stock — 53,248.257 shares (Direct, null); Northwest Bancshares, Inc. Common Stock — 5,165.306 shares (Indirect, 401-K)
Footnotes (1)
  1. [object Object]
Tax-withheld shares 138 shares Withheld to cover tax on RSU vesting
Withholding price $13.40 per share Value used for 138 withheld shares
Direct holdings after transaction 53,248.257 shares Direct NWBI common stock held by officer
Indirect 401-K holdings 5,165.306 shares NWBI common stock held via 401-K plan
restricted stock unit financial
"Reflects shares withheld to satisfy reporting person's tax withholding obligation 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
"Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit."
401-K financial
"nature_of_ownership: 401-K"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
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*
Creal Thomas K IV

(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 Credit Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2026
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 Stock05/18/2026F138D$13.453,248.257(1)D
Northwest Bancshares, Inc. Common Stock5,165.306I401-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:
Thomas K. Creal IV by Douglas M. Schosser, Attorney-in-Fact05/19/2026
** 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 Thomas K. Creal IV?

Northwest Bancshares reported that Chief Credit Officer Thomas K. Creal IV had 138 shares of common stock withheld to satisfy taxes upon restricted stock unit vesting. This was a routine compensation-related tax withholding, not an open-market purchase or sale of shares.

Was the Northwest Bancshares (NWBI) Form 4 transaction an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 138 shares were delivered back to the issuer at $13.40 per share to cover Thomas K. Creal IV’s tax obligation from a restricted stock unit vesting.

How many Northwest Bancshares (NWBI) shares does Thomas K. Creal IV hold after this filing?

After the reported transactions, Thomas K. Creal IV directly holds 53,248.257 Northwest Bancshares common shares and indirectly holds 5,165.306 shares through a 401-K plan. These amounts show his remaining equity stake after the tax-related share withholding.

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

The F transaction code indicates shares used for tax withholding or exercise price payment. In this case, 138 Northwest Bancshares shares were withheld to satisfy Thomas K. Creal IV’s tax liability when a restricted stock unit vested, rather than being sold on the open market.

How many Northwest Bancshares (NWBI) shares were used for tax withholding in this Form 4?

The Form 4 shows 138 common shares were withheld at $13.40 per share. These shares satisfied Thomas K. Creal IV’s tax obligation arising from a restricted stock unit vesting, which is a standard feature of equity-based executive compensation.