Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 40

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 40
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 The Loan Growth KPI fell below threshold performance, as the Company prioritized commercial loan growth while limiting consumer loan expansion. |

While commercial loan growth increased significantly (21%) year-over-year, the leadership team strategically limited loan growth within the consumer portfolio, focusing on pricing discipline and profitability versus a focus on asset growth. Recognizing that this shift in loan mix was a deliberate response to economic conditions, not a failure to drive overall loan growth, the Compensation Committee determined that the original loan growth target did not fully reflect the Company’s actual performance achievements. Additionally, the Company exceeded its original adjusted net income budget by $4 million performance at approximately $4.4MM (3%). Based on these considerations, the Compensation Committee elected to fund the Management Bonus Plan at 100% Management Bonus Payouts.Based on the above results, the Compensation Committee determined that management bonuses should be paid at target for Company performance with additional multipliers based on each NEOs performance, as summarized in the table below:

| Name                   |     | Target bonus 
 Percent      |    |   |     | Dollar |         |     | Actual bonus 
 Percent      |      |   |     | Dollar |         |
|:-----------------------|:----|:-------------|---:|:--|:----|:-------|--------:|:----|:-------------|-----:|:--|:----|:-------|--------:|
| Louis J. Torchio       |     |              | 70 | % |     | $      | 612,100 |     |              | 77.0 | % |     | $      | 673,300 |
| Douglas M. Schosser    |     |              | 55 | % |     |        | 330,000 |     |              | 60.5 | % |     |        | 363,000 |
| William W. Harvey, Jr. |     |              | 50 | % |     |        | 360,500 |     |              | 52.5 | % |     |        | 378,500 |
| Gregory J. Betchkal    |     |              | 50 | % |     |        | 294,900 |     |              | 55.0 | % |     |        | 324,400 |
| Jacques M. DesMarteau  |     |              | 55 | % |     |        | 262,600 |     |              | 60.5 |