Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 59

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 59
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|                                                              | Northwest Savings Bank Non-Qualified Supplemental Retirement Plan |                             |     |                    8 |    |     |         23,375 |           |     | —                    |   |

| (1) | Messrs. Schosser, Betchkal and DesMarteau were not eligible to participate in the Pension Plan due to joining the Company subsequent to the Pension Plan’s soft freeze in 2020. |

CEO Pay Ratio.Section 953(b) of the Dodd-Frank Act and Item 402(u) of Regulation S-Kof the Securities Act require that we provide disclosure of the annual total compensation for both our CEO and our median employee along with the ratio of the CEO’s annual total compensation to the median employee’s total compensation (the “Pay Ratio Rule”). To identify the median of the annual total compensation of all of our employees (other than our CEO), we first identified our total employee population from which we determined our median employee by: (i) obtaining a listing of all employees including active full-time, part-time, seasonal, and temporary employees excluding our CEO, Louis J. Torchio, as of December 31, 2023, and (ii) ranking the employees by all taxable earnings as of December 31, 2023. We determined that, as of December 31, 2023, our employee population consisted of approximately 2,168 individuals. In accordance with SEC rules, the Company is only required to identify the median employee once every three years unless there has been a change in the Company’s employee population or employee compensation arrangements that would be expected result in a significant change in the pay ratio disclosure. We do not believe there were any changes in our employee population that would be expected to result in a significant change in the pay ratio disclosure, and therefore we are using the same employee who was identified in 2023 as the employee having the median compensation of our entire workforce. To identify our median employee from our adjusted employee population, we compared the amount of total actual earnings, including bonus, of our employees as reflected in our employee records. In making this determination, we utilized the annualized compensation of our full-time employees, including those who were hired in 2023 (but did not work for us for the entire fiscal year) and permanent part-time employees (reflecting what they would have earned if they had worked the entire year at their part-time schedule). We identified our median employee using this compensation measure, which was consistently applied to all our employees included in the