Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 83

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 83
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 Penns Woods common stock, you should consult your tax advisors. This discussion is applicable only to those U.S. resident Penns Woods shareholders that hold their Penns Woods common stock as a capital asset within the meaning of Section 1221 of the Internal Revenue Code (generally, property held for investment), and does not address all of the U.S. federal income tax consequences that may be relevant to particular Penns Woods shareholders in light of their individual circumstances or to Penns Woods shareholders that are subject to special rules, such as:

| • |     | financial institutions; |

| • |     | S corporations or other pass-through entities and investors in those through entities; |

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| • |     | retirement plans, individual retirement accounts or other tax-deferred 
 accounts;                                                              |

| • |     | insurance companies; |

| • |     | mutual funds; |

| • |     | tax-exempt organizations; |

| • |     | dealers in securities or foreign currencies; |

| • |     | traders in securities who elect to use the 
 mark-to-market method of accounting;       |

| • |     | regulated investment companies; |

| • |     | real estate investment trusts; |

| • |     | holders of Penns Woods common stock subject to the alternative minimum tax provisions of the Internal Revenue 
 Code;                                                                                                         |

| • |     | persons that hold Penns Woods common stock as part of a straddle, hedge, constructive sale, conversion 
 transaction or other risk management transaction;                                                      |

| • |     | persons who purchase or sell their Penns Woods common stock as part of a wash sale; |

| • |     | expatriates or persons that have a functional currency other than the U.S. dollar; |

| • |     | persons who are not U.S. holders; |

| • |     | expatriates of the United States; |

| • |     | persons that have a functional currency other than the U.S. dollar; |

| • |     | persons that acquired their Penns Woods common stock through the exercise of an employee stock option or 
 otherwise as compensation or through a tax-qualified retirement plan.                                    |

In addition, the discussion does not address any alternative minimum tax, U.S. federal estate or gift tax or any state, local or foreign tax consequences of the Merger, nor does it address any tax consequences arising under the unearned income Medicare contribution tax pursuant to the Health Care and Education Reconciliation Act of 2010