Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 44

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 44
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 can earn between 0% and 150% of their target award opportunity. The actual number of PSUs that are earned and vested is based on the 21

achievement of pre-determinedfinancial performance metrics against the KRX index at the end of a three-year performance period, as outlined in the following table:

| Metric                                               
 Relative Core Return on Average Assets (“Core ROAA”) |     | Weighting | 100% |     | Detail                                                                                                                                                                                                                                            
 •  Measured relative to the KRX index over a three-year period                                                                                                                                                                                    |
|:-----------------------------------------------------|:----|:----------|:-----|:----|:--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                      |     |           |      |     | •  “Core” adjustments will be made to GAAP ROAA to exclude nonrecurring revenue, nonrecurring expenses, realized gains/losses on securities, amortization of intangibles & goodwill impairments, each adjustment to be made on an after-tax basis |
|                                                      |     |           |      |     | •  Provides a comprehensive view of relative financial performance and efficiency                                                                                                                                                                 |
|                                                      |     |           |      |     | •  Enables shareholders to assess the overall health and competitiveness of the Company                                                                                                                                                           |

The number of PSUs earned at the end of the three-year performance period will be based on the attainment of performance levels, including threshold, target, and maximum, and associated payouts will be established at the beginning of the performance cycle as follows:

|                               |     | Performance range |     |                 |     |                 |
|                               |     | Threshold         |     | Target          |     | Maximum         |
| Peer Group Rank               |     | 25th percentile   |     | 50th percentile |     | 75th percentile |
| PSU Payout (as a % of Target) |     | 50%               |     | 100%            |     | 150%            |

Performance below “threshold” for a given performance measure will result in forfeiture of the respective PSUs. Threshold performance will be achieved at the 25th percentile of the approved compensation peer group, target performance at the 50th percentile of the peer group, and maximum performance is at the 75th percentile of the peer group. At the end of each performance cycle, actual performance and the resulting payouts will be determined. Performance between threshold, target, and maximum will be determined using straight line