Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 72

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 72
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121 |     |                | 147,121 |     |                | — |
| PSU Acceleration (7)                        |     |                 215,670 |     |    |     |                 | — |     |           | 117,977 |     |                | 117,977 |     |                | — |
| Health Care and Other Benefits Continuation |     |                  25,673 |     | -8 |     |                 | — |     |           |       — |     |                |       — |     |                | — |

| (1) | The change in control agreements for Messrs. Betchkal and DesMarteau provide for the lump-sum payment of two times the highest rate of base salary and two times the highest rate of cash bonus during the prior three years in the event the executive’s employment is terminated by us without “just cause” or by the executive for “good reason” within 24 months following a change in control. The change in control agreements for Mr. Watson provides for the lump-sum payment of three times the highest rate of base salary and three times the highest rate of cash bonus during the prior three years in the event the executive’s employment is terminated by us without “just cause” or by the executive for “good reason” within 24 months following a change in control. |

| (2) | No payments are provided upon Voluntary termination. |

| (3) | The change in control agreements provide for a lump sum death benefit equal to one year of base salary. The change in control agreements also provide for the continuation of medical and dental benefits to the executive’s eligible dependents for a period of three years after the executive’s death under the same terms immediately prior to termination. |

| (4) | All NEOs receive their base salary for the longer of (i) the remaining term of the change in control agreements, or (ii) one year following the termination of their employment due to disability, provided that such base salary amount shall be reduced by any amounts paid to the NEO under any short-term or long-term disability insurance plans we maintain. Each NEO also receives medical and dental benefits previously provided for a period of up to 36 months under the same terms immediately prior to termination due to disability. |

| (5) | See retirement definitions detailed in footnotes 6 & 7. None of the NEOs meet the retirement definitions per each plan and therefore no amounts have been included for them. |

| (6) | The