Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 76

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 76
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0 vested stock options, 0 unvested stock options and 4,156 unvested shares of restricted stock. |

Amounts included in the “Stock Awards” column for the year ended December 31, 2024 represent the value of current year grants under our 2022 Equity Incentive Plan pursuant to applicable Securities and Exchange Commission regulations that require that we report the full grant-date fair value of grants in the year in which such grants are made. The amount included in the “Change in pension value and nonqualified deferred compensation earnings” column reflects the change in the estimated present value of future benefits under our retirement plans for directors as well as the amount of interest paid on deferred compensation over the applicable federal rate. The full Board determines director compensation. In determining director compensation, we utilize market information that is provided by our Chief People Officer, which is supported by survey data from various sources, as well as through consultation with Pearl Meyer, an independent executive compensation consulting firm. 40

The following table sets forth cash compensation received by each director of the Company and Northwest Bank for the year ended December 31, 2024.

| Director           |     | Board service  
 Board retainer |        |     | Independent   
 Chairman and  
 Vice Chairman |        |     |    |   |     | Board Committee service 
 Audit                   
 Committee               
 member                  |        |     |    |   |     | Compensation 
 Committee    
 member       |        |     |    |   |     | Innovation     
 and Technology 
 Committee      
 member         |        |     |    |   |     | Nominating    
 and Corporate 
 Governance    
 Committee     
 member        |        |     |    |   |     | Risk       
 Management 
 Committee  
 member     |        |     |    |   |     | Trust     
 Committee 
 member    |        |     |    |   |     | Total        
 Compensation |         |
|:-------------------|:----|:---------------|-------:|:----|:--------------|-------:|:----|:---|:--|:----|:------------------------|-------:|:----|:---|:--|:----|:-------------|-------:|:----|:---|:--|:----|:---------------|-------:|:----|:---|:--|:----|:--------------|-------:|:----|:---|:--|:----|:-----------|-------:|:----|:---|:--|