STOCK TITAN

Northwest Bancshares (NASDAQ: NWBI) CRO reports tax share withholding

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

Rhea-AI Filing Summary

Northwest Bancshares, Inc. Chief Risk Officer Gregory J. Betchkal reported a disposition of 1,484 shares of common stock on a Form 4. The shares were withheld by the company to cover his tax withholding obligation upon vesting of a restricted stock unit, leaving him with 88,814.082 shares held directly.

Positive

  • None.

Negative

  • None.
Insider Betchkal Gregory J.
Role Chief Risk Officer
Type Security Shares Price Value
Tax Withholding Northwest Bancshares, Inc. Common Stock 1,484 $12.21 $18K
Holdings After Transaction: Northwest Bancshares, Inc. Common Stock — 88,814.082 shares (Direct)
Footnotes (1)
  1. [object Object]
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*
Betchkal Gregory J.

(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 Risk Officer
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 Stock03/20/2026F1,484D$12.2188,814.082(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:
Gregory J. Betchkal 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 did Northwest Bancshares (NWBI) disclose in this Form 4 for Gregory J. Betchkal?

The filing shows Chief Risk Officer Gregory J. Betchkal had 1,484 Northwest Bancshares shares withheld to cover tax obligations upon restricted stock unit vesting, a non-market disposition. After this transaction, he directly holds 88,814.082 common shares.

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

No, the Form 4 reports a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy Gregory J. Betchkal’s tax obligation when a restricted stock unit vested, according to the footnote disclosure.

How many Northwest Bancshares (NWBI) shares were involved in the tax withholding?

The transaction involved 1,484 shares of Northwest Bancshares common stock. These shares were withheld at a price of $12.21 per share to satisfy Chief Risk Officer Gregory J. Betchkal’s tax withholding requirement tied to a restricted stock unit vesting.

How many Northwest Bancshares (NWBI) shares does Gregory J. Betchkal hold after this Form 4 event?

Following the tax-withholding disposition, Chief Risk Officer Gregory J. Betchkal directly holds 88,814.082 shares of Northwest Bancshares common stock. This figure reflects his position after 1,484 shares were withheld to cover tax obligations on a restricted stock unit vesting.

What does the F transaction code mean in the Northwest Bancshares (NWBI) Form 4?

The F code indicates a disposition to pay an exercise price or tax liability by delivering securities. Here, it reflects shares withheld to satisfy Gregory J. Betchkal’s tax withholding obligation when a restricted stock unit vested, rather than a discretionary sale.

Who is the insider in the Northwest Bancshares (NWBI) Form 4 and what is their role?

The insider is Gregory J. Betchkal, Chief Risk Officer of Northwest Bancshares, Inc. The Form 4 records a tax-withholding share disposition related to his equity compensation, specifically the vesting of a restricted stock unit, with remaining direct holdings of 88,814.082 shares.