Northwest Bancshares (NWBI) CCO reports 138-share tax withholding on RSU vesting
Filing Impact
Filing Sentiment
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
- 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 | 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)
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Key Figures
Tax-withheld shares: 138 shares
Withholding price: $13.40 per share
Direct holdings after transaction: 53,248.257 shares
+1 more
4 metrics
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
Key Terms
restricted stock unit, tax withholding obligation, 401-K, Form 4
4 terms
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.