Company: NWBI
Filing Date: 2025-02-24
Form Type: 424B3
Source: 0001193125-25-033488
Chunk: 13

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-24
Form: 424B3
Chunk 13
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 instructed your broker, bank or nominee to vote your shares, you must follow directions received from your broker, bank or nominee to change your vote.

| Q: | Are the Penns Woods shareholders entitled to dissenters’ rights? |

| A: | No. Because Penns Woods’ common stock is traded on the Nasdaq Global Select Market®, Pennsylvania law does not provide for dissenters’ appraisal rights in connection with the Merger. Penns Woods is incorporated under Pennsylvania law. |

| Q: | When is the Merger expected to be completed? |

| A: | We expect to complete the Merger in the third quarter of 2025, assuming shareholder approvals and all                                             
 applicable governmental approvals have been received by that date and all other conditions precedent to the Merger have been satisfied or waived. |

| Q: | What happens if the Merger is not completed? |

| A: | If the Merger is not completed, the shareholders of Penns Woods will not receive any consideration for their                                                                                                                                
 shares of Penns Woods common stock in connection with the Merger. Instead, Penns Woods will remain an independent, public company. Additionally, if the Merger Agreement is terminated pursuant to certain conditions, a termination fee of 
 $10.0 million will be payable by Penns Woods. See “THE MERGER AGREEMENT—Acquisition Proposals and Termination Fee” beginning on page 76 for a more detailed discussion of the circumstances under which a termination                       
 fee will be required to be paid.                                                                                                                                                                                                            |

| Q: | Should Penns Woods shareholders send in their stock certificates now? |

| A: | No. As promptly as practical, but no later than five (5) business days, after the Merger is completed, the                                                                                                                                    
 Exchange Agent for the Merger will send you a letter of transmittal with instructions informing you how to send in your stock certificates to the Exchange Agent. You should use the letter of transmittal to exchange your Penns Woods stock 
 certificates for the Merger Consideration. Do not send in your stock certificates with your proxy form.                                                                                                                                       |

| Q: | What happens if I sell my shares after the record date but before the Penns Woods Special Meeting? |

| A: | The Penns Woods record date is earlier than the date of the Penns Woods Special Meeting and earlier than the                                                                                                                                         
 date that the Merger is expected to be completed. If you sell or otherwise transfer your shares of Penns Woods common stock after the