Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 63

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 63
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 |      |   64,852 |   |     |      | — |     |      | — |     | $           |   97,060 |   |     |      |  (64,426 | ) |     |      |   71,304 |   |     |      |   62,983 |   |     |      | (105,792 | ) |

Fair values set forth in the t able above are computed in accordance with FASB ASC 718 as of the end of the respective fiscal year, other than fair values of awards that vest in the covered year, which are valued as of the applicable vesting date or fair values of awards that were forfeited in the covered year, which are valued as of the last day of the year immediately preceding the covered year.

| (5) | Mr. Torchio was appointed as the CEO on August 20, 2022. The disclosure for 2022 includes salary of $270,769for his service as the CEO and $258,779for his service prior to becoming the CEO. |

| (6) | TSR is cumulative for the measurement periods beginning on December 31, 2019 and ending on December 31, 2024, calculated in accordance with Item 201(e) of RegulationS-K. |

| (7) | Peer group total shareholder return reflects the value of $100 investment in the Nasdaq Bank Index. |

| (8) | The dollar amounts reported represent the amount of net income as required to be reflected in the Company’s audited financial statements for the applicable year. |

| (9) | ROAA (GAAP) is defined as net income divided by average assets. |

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**Performance Measures**

The SEC’s rules require that the pay versus performance disclosure include an unranked list of three to seven performance measures that the Company considers to be its most important measures used to align compensation actually paid to the NEOs to a company’s performance. In our assessment, the most important financial performance measures used to link CAP, as calculated in accordance with the SEC rules, to our NEOs in 2024 to our performance were:

| • |     | ROAA; |

| • |     | ROAE; and |

| • |     | Efficiency ratio. |

Relationship Between Financial Measures and Compensation Actually Paid The following illustrations provide a graphical description of CAP, as calculated in accordance with SEC rules, versus the following measures:

| • |     | the Company’s cumulative