Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 193

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 193
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2 was a reduction of $4 million, $3 million and $2 million, respectively. Restricted Stock Awards, Restricted Stock Units and Performance Share UnitsRestricted stock awards, Restricted Stock Units and Performance Share Units (“PSUs”) are all issued subject to service restrictions. PSUs are payable contingent on the achievement of certain predefined performance objectives over a three-year measurement period with the actual number of shares issuable ranging between 0% and 150% of the number of PSUs granted. RSAs accumulate dividends that are paid upon vesting.

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Table of ContentsNORTHWEST BANCSHARES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

During the years ended December 31, 2022, December 31, 2023 and December 31, 2024, we granted the following awards (amounts in this table are not in thousands):Year-endedGrant dateAward toSharesGrant typeWeighted average grant date fair valueTotal market value ($)Vesting period (years)December 31, 20225/18/2022Employees150,027 RSU$11.00 1.7 million35/18/2022Employees150,027 PSU10.261.5 million35/18/2022Directors41,206 RSA12.55517,0001VariousEmployees13,115 RSU12.69166,0003December 31, 20233/15/2023Employees176,623 RSU11.282.0 million33/15/2023Employees176,623 PSU10.54 1.9 million33/15/2023Directors33,048 RSA12.80423,00013/27/2023Employees80,980 RSU11.20 907,0002VariousEmployees128,148 RSU10.30 1.3 million3December 31, 20243/20/2024Employees307,775 RSU9.79 3.0 million33/20/2024Employees324,124 PSU9.07 2.9 million33/20/2024Directors41,560 RSA11.31 470,0001VariousEmployees266,106 RSU10.86 2.9 million3 to 4Total shares forfeited from the 202