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Northwest Bancshares (NWBI) CMO has 411 shares withheld for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.
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*
Cygnar Devin T

(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 Mktg/Comm. Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/16/2026
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 Stock03/16/2026F411D$12.2619,654.671(1)D
Northwest Bancshares, Inc. Common Stock13,692.1279IIRA
Northwest Bancshares, Inc, Common Stock9,431.128I401-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:
Devin T. Cygnar by Douglas M. Schosser, Attorney-in-Fact03/18/2026
** 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 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.

How many NWBI shares were withheld for Devin Cygnar’s taxes?

A total of 411 Northwest Bancshares shares were withheld. These shares were valued at $12.26 per share and were used to cover the executive’s tax liability arising from the vesting of a restricted stock unit award.

How many Northwest Bancshares (NWBI) shares does Devin Cygnar now hold directly?

Devin Cygnar now holds 19,654.671 NWBI shares directly. This direct ownership figure is reported after the 411-share tax-withholding transaction tied to the vesting of his restricted stock units on the reported date.

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.
Northwest Bancshares Inc Md

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