STOCK TITAN

Tax withholding trims Northwest Bancshares (NASDAQ: NWBI) auditor stake

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

Rhea-AI Filing Summary

Northwest Bancshares, Inc. Chief Auditor Carey A. Barnum reported a routine tax-related share disposition. On the vesting of a restricted stock unit award, 239 shares of Northwest Bancshares common stock were withheld at $12.21 per share to satisfy his tax withholding obligation. Following this withholding transaction, Barnum directly owns 7,265.757 shares of Northwest Bancshares common stock.

Positive

  • None.

Negative

  • None.
Insider Barnum Carey A.
Role Chief Auditor
Type Security Shares Price Value
Tax Withholding Northwest Bancshares, Inc. Common Stock 239 $12.21 $3K
Holdings After Transaction: Northwest Bancshares, Inc. Common Stock — 7,265.757 shares (Direct)
Footnotes (1)
  1. [object Object]
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
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*
Barnum Carey A.

(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 Auditor
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
03/20/2026
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 Stock03/20/2026F239D$12.217,265.757(1)D
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:
Carey A. Barnum by Douglas M. Schosser, Attorney-in-Fact03/24/2026
** 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 Carey A. Barnum?

Northwest Bancshares reported that Chief Auditor Carey A. Barnum had 239 common shares withheld to cover taxes when a restricted stock unit vested, a routine compensation-related event rather than an open-market trade, leaving him with 7,265.757 shares owned directly after the transaction.

What does the Form 4 code “F” mean in the Northwest Bancshares (NWBI) filing?

The “F” code on this Form 4 indicates a tax-withholding disposition, where shares are delivered to cover tax obligations or exercise costs. In this case, 239 Northwest Bancshares common shares were withheld to satisfy Carey A. Barnum’s tax liability on a vesting restricted stock unit award.

How many Northwest Bancshares (NWBI) shares does Carey A. Barnum hold after the reported transaction?

After the tax-withholding transaction, Chief Auditor Carey A. Barnum directly holds 7,265.757 shares of Northwest Bancshares common stock. This figure represents his post-transaction ownership reported in the Form 4 and shows that only a small fraction of his holdings was used for tax obligations.

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

No, the transaction was not an open-market sale. The filing describes it as a tax-withholding disposition, where 239 shares were withheld to satisfy Carey A. Barnum’s tax obligation upon vesting of a restricted stock unit, a common non-market, compensation-related mechanism.

What security was involved in Carey A. Barnum’s Form 4 for Northwest Bancshares (NWBI)?

The security involved was Northwest Bancshares, Inc. common stock. The Form 4 shows 239 common shares withheld at a price of $12.21 per share to cover taxes tied to a restricted stock unit vesting, with 7,265.757 common shares remaining owned directly afterward.