NWBI executive reports tax-related share withholding
Northwest Bancshares, Inc. executive Urich T. Bowers reported a small tax-related share disposition tied to equity compensation.
Rhea-AI Filing Summary
Northwest Bancshares, Inc. executive Urich T. Bowers reported a small tax-related share disposition tied to equity compensation. On this Form 4, 1,490 shares of common stock were withheld at $12.28 per share to satisfy his tax withholding obligation when a restricted stock unit vested. After this automatic withholding, he directly holds 25,396.261 shares of Northwest Bancshares common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,490 shares
Exercise Price or Tax Liability
1 txn
Insider
Bowers Urich T
Role
Chief Cons. Banking /Strat Off
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Northwest Bancshares, Inc. Common Stock | 1,490 | $12.28 | $18K |
Holdings After Transaction:
Northwest Bancshares, Inc. Common Stock — 25,396.261 shares (Direct)
Footnotes (2)
- F1. Reflects shares withheld to satisfy reporting person's tax withholding obligation upon the vesting of a restricted stock unit.
- F2. Represents dividend equivalent rights accrued on RSUs previously granted to the reporting person. Dividend equivalent rights are subject to the same terms and conditions as the underlying RSUs.
FAQ
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What do the dividend equivalent rights footnotes mean in the NWBI Form 4?
The filing notes dividend equivalent rights accrued on previously granted restricted stock units. These rights follow the same terms and conditions as the underlying RSUs, effectively mirroring dividends that would have been paid on the related common shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.