Company: NWBI
Filing Date: 2025-02-20
Form Type: S-4/A
Source: 0001193125-25-030716
Chunk: 25

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-20
Form: S-4/A
Chunk 25
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 governance practices and 
 standard director evaluation process; and                                                                                                                                           |

| • |     | upon the consummation of the Merger, and subject to certain other conditions, payments to be made to Penns                             
 Woods’ named executive officers, and other executives, pursuant to change in control features in their existing employment agreements. |

Each of Northwest’s and Penns Woods’ board of directors was aware of these interests and considered them in approving the Merger Agreement. See “ THE MERGER— Interests of Penns Woods’ Directors and Officers in the Merger”beginning on page 55 of this proxy statement/prospectus. Governance of Northwest after the Merger (page 66) Except for the appointment of Richard A. Grafmyre, a current Penns Woods director, to the board of directors of Northwest and the board of directors of Northwest Bank, the Northwest board of directors and the committees thereof will remain unchanged, and. the executive officers of Northwest will continue as executive officers of Northwest immediately after the Effective Time, in each case to serve in such capacities until their successors have been duly elected or appointed or until their earlier death, resignation or removal from office. No Appraisal or Dissenters’ rights (page 30) Appraisal or dissenters’ rights are statutory rights that, if applicable under law, enable stockholders to dissent from an extraordinary transaction, such as a merger, and to demand that the corporation pay the fair value for their shares as determined by a court in a judicial proceeding instead of receiving the consideration offered to stockholders in that extraordinary transaction. Under the Pennsylvania Business Corporation Law, holders of Penns Woods common stock are not entitled to appraisal rights in the Merger with respect to their shares of Penns Woods common stock because Penns Woods common stock is listed on a national securities exchange. Certain differences in shareholder rights (page 78) When the Merger is completed, Penns Woods shareholders will receive Northwest common stock and, therefore, will become Northwest stockholders. As Northwest stockholders, your rights will be governed by Northwest’s Articles of Incorporation and Amended and Restated Bylaws, as amended, as well as Maryland law. See “ COMPARISON OF CERTAIN RIGHTS OF PENNS WOODS SHAREHOLDERS AND NORTHWEST STOCKHOLDERS” beginning on page 78 of this proxy statement/prospectus. Regulatory approvals required for the Merger (page 55) The Merger cannot be completed until Northwest receives the required regulatory approvals of applications, which include the approval of