Northwest Bancshares (NWBI) CMO has 411 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Northwest Bancshares, Inc. Chief Marketing and Communications Officer Devin T. Cygnar had 411 shares of common stock withheld at $12.26 per share to cover tax obligations when restricted stock units vested. After this tax-withholding disposition, he holds 19,654.671 shares directly, plus indirect holdings of 13,692.1279 shares in an IRA and 9,431.1280 shares in a 401(k).
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Cygnar Devin T
Role
Chief Mktg/Comm. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Northwest Bancshares, Inc. Common Stock | 411 | $12.26 | $5K |
| holding | Northwest Bancshares, Inc. Common Stock | -- | -- | -- |
| holding | Northwest Bancshares, Inc, Common Stock | -- | -- | -- |
Holdings After Transaction:
Northwest Bancshares, Inc. Common Stock — 19,654.671 shares (Direct);
Northwest Bancshares, Inc. Common Stock — 13,692.128 shares (Indirect, IRA);
Northwest Bancshares, Inc, Common Stock — 9,431.128 shares (Indirect, 401-K)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did NWBI executive Devin Cygnar report?
Devin Cygnar reported a tax-withholding disposition of 411 shares. The shares of Northwest Bancshares, Inc. common stock were withheld to satisfy his tax obligation when restricted stock units vested, rather than being sold in an open-market transaction.
What indirect NWBI holdings does Devin Cygnar report in retirement accounts?
Devin Cygnar reports two indirect NWBI positions. He holds 13,692.1279 Northwest Bancshares shares through an IRA and 9,431.1280 shares through a 401(k) plan, in addition to his directly held common stock.
Was Devin Cygnar’s NWBI transaction an open-market sale or a tax withholding?
The transaction was a tax withholding, not an open-market sale. The 411 Northwest Bancshares shares were withheld by the company to satisfy Cygnar’s tax liability upon vesting of a restricted stock unit award.