Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 46

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 46
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, as well as Nasdaq listing standards. In addition, it is the Company’s policy to comply with applicable securities and state laws, including insider trading laws, when engaging in transactions in the Company’s securities. A copy of the Company’s insider trading policy was filed as Exhibit 19 to the Company’s Annual Report on Form 10-Kfor the year ended December 31, 2024. No Pledging or Hedging Company Securities.We have adopted a policy that prohibits our insiders from (i) pledging our stock as collateral against a loan or line of credit or holding our stock in a margin account; and (ii) conducting any hedging activities (including prepaid variable forward contracts, equity swaps, collars, and exchange funds) designed to offset any decrease in the market value with respect to our stock. Policies and Practices Related to the Grant of Certain Equity Awards.In accordance with Item 402(x) of Regulation S-K,we are required to disclose certain information related to certain equity awards granted close in time to the release of material non-publicinformation. Neither our Board nor our Compensation Committee takes material non-publicinformation into account when determining the timing of equity awards, nor do we time the disclosure of material non-publicinformation for the purpose of impacting the value of executive compensation. We generally issue equity awards to our executive officers on a limited and infrequent basis, and not in accordance with any fixed schedule. During fiscal 2024, there were no equity awards granted to any NEOs within four business days preceding the filing of any report on Form 10-K, 10-Q,or 8-Kthat disclosed material nonpublic information. When the Company grants RSUs or PSUs to employees, the Company makes a determination of the target value of the grant. To determine the number of shares subject to a grant of RSUs, the Company divides the target value of the grant by the closing price of one share of the Company’s common stock on the date of grant. To determine the number of shares subject to a grant of PSUs, the Company divides the value of the grant that would be obtained if target performance were to be achieved by the closing price of one share of the Company’s common stock on the date of grant. Retirement Plans.Substantially all of our employees hired prior to August 1, 2020, including our NEOs, are eligible to participate in the Northwest Bank Pension Plan (the “Pension Plan”), a tax-qualifieddefined benefit plan. See “Defined Benefit Plan.” Effective January 1,