Company: NWBI
Filing Date: 2025-02-24
Form Type: 424B3
Source: 0001193125-25-033488
Chunk: 109

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-24
Form: 424B3
Chunk 109
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, the securities offered by this document or the solicitation of proxies is unlawful, or if you are a person to whom it is unlawful to direct these types of activities, then the offer presented in this document does not extend to you. The information contained in this document speaks only as of the date of this document unless the information specifically indicates that another date applies. 90

Annex A

AGREEMENT AND PLAN OF MERGER

dated as of

December 16, 2024

by and between

NORTHWEST BANCSHARES, INC.

and

PENNS WOODS BANCORP, INC.

TABLE OF CONTENTS

| ARTICLE I Certain Definitions                     |     |                                                         |     | A-1  |
| 1.01.                                             |     | Certain Definitions                                     |     | A-1  |
| ARTICLE II The Merger                             |     |                                                         |     | A-9  |
| 2.01                                              |     | The Parent Merger                                       |     | A-9  |
| 2.02.                                             |     | Effectiveness of Parent Merger                          |     | A-10 |
| 2.03.                                             |     | Effective Date and Effective Time                       |     | A-10 |
| 2.04.                                             |     | Closing                                                 |     | A-10 |
| 2.05.                                             |     | The Subsidiary Bank Mergers                             |     | A-10 |
| ARTICLE III Merger Consideration                  |     |                                                         |     | A-11 |
| 3.01.                                             |     | Conversion of PWOD Common Stock                         |     | A-11 |
| 3.02.                                             |     | Exchange and Payment Procedures                         |     | A-12 |
| 3.03.                                             |     | PWOD Options                                            |     | A-14 |
| 3.04.                                             |     | Tax Consequences                                        |     | A-14 |
| ARTICLE IV Actions Pending Consummation of Merger |     |                                                         |     | A-14 |
| 4.01.                                             |     | Forbearances of PWOD                                    |     | A-14 |
| 4.02.                                             |     | Forbearances of NWBI                                    |     | A-18 |
| ARTICLE V Representations and Warranties          |     |                                                         |     | A-19 |
| 5.01