Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 194

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 194
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2 plan were 210,214 of which 139,141 shares were forfeited during the year ended December 31, 2024. At December 31, 2024, there was compensation expense of $4.2 million to be recognized for awarded but unvested RSUs and $2.4 million to be recognized for awarded but unvested PSUs, with an expense recognition period remaining of 2.5 years. At December 31, 2024, there was compensation expense of $918,215 to be recognized for awarded but unvested RSAs, with an expense recognition period remaining of one year.  (c) Stock Option PlansThere were no stock options granted during the years ended December 31, 2024, December 31, 2023 or December 31, 2022. Previously granted options were valued using the Black-Scholes option pricing model.The following table summarizes the activity in our option plans during the years ended December 31, 2024, December 31, 2023 and December 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, 202