Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 73

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 73
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 Management Bonus Plan will be paid to employees that are active at the time of payment or those that have retired after December 31st of the prior year and are age 65 with a minimum of 5 years of Northwest service or Age 55 with a minimum of 25 years of Northwest service, as defined by the Plan. |

| (7) | The 2022 Equity Incentive Plan and 2018 Equity Incentive Plan defines retirement as Age 65 with a minimum of 5 years Northwest service. There are no NEOs that meet the definition at this time, therefore there would be no vesting at retirement or voluntary termination. Equity award agreements for all participants, including NEOs, provide for the acceleration of unvested equity awards in the event of disability, death, and in certain corporate transactions including a Change in Control as defined under the 2022 Equity Incentive Plan and 2018 Equity Incentive Plan. The 2022 Equity Incentive Plan and 2018 Equity Incentive Plan and related forms of equity award agreements have been filed as exhibits to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. |

| (8) | The change in control agreements provide for 24 months of medical and dental coverage for Messrs. Betchkal and DesMarteau and 36 months for Mr. Watson from the date of termination at substantially identical terms to the coverage maintained by the employer for the executive and their eligible dependents prior to termination unless the executive obtains similar benefits from another employer. |

39

Director Compensation The following table sets forth certain information as to the total remuneration to our directors for the year ended December 31, 2024. Compensation for Messrs. Torchio and Harvey is described in the Summary Compensation Table, and they did not receive additional compensation for their service as a director.

| Director compensation table |     |                  |         |     |                     |        |     |     |   |     |                        |         |     |                     |       |     |           |         |
| Name                        |     | Fees earned or   
 paid in cash ($) |         |     | Stock awards ($)(1) |        |     |     |   |     | Change in pension      
 value and nonqualified 
 deferred compensation  
 earnings ($)(2)        |         |     | All other           
 compensation ($)(3) |       |     | Total ($) |         |
| Robert M. Cam