Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 370

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 370
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 31, 2022 (amounts in this table are not in thousands): Years ended December 31, 202420232022 NumberWeighted averageexercise priceNumberWeighted averageexercise priceNumberWeighted averageexercise priceBalance at beginning of year3,209,005 $14.36 3,657,580 $14.25 4,380,310 $14.05 Exercised (1)(199,058)12.29 (63,315)11.46 (465,920)12.14 Forfeited/expired(404,080)13.73 (385,260)13.80 (256,810)14.64 Balance at end of year2,605,867 15.28 3,209,005 14.36 3,657,580 14.25 Exercisable at end of year2,355,318 16.17 2,601,367 14.52 2,556,235 14.43 (1)The total intrinsic value of options exercised was $390,000, $115,000 and $839,000, respectively.

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

The aggregate intrinsic value of all options expected to vest and fully vested options at December 31, 2024 is ($193,000) and ($5.3) million, respectively. The following table summarizes the number of options outstanding, number of options exercisable, and weighted average remaining life of all option grants as of December 31, 2024 (amounts in this table are not in thousands):Exercise priceExercise priceExercise priceExercise price $9.71$12.37$13.68$14.15Options outstanding:Number of options325,075 151,948 470,042 297,819 Weighted average remaining contract life (years)5.40.46.41.4Options exercisable:Number of options247,401 151,948 394,884 278,402 Weighted average remaining term - vested (years)4.69.63.68.6 Exercise priceExercise priceExercise priceExercise price $15.57$16.59$