Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 38

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 38
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 the table above. Annual Incentives.We provide performance-based cash incentive awards to eligible personnel, including executive officers, under the Management Bonus Plan. Cash incentives are used to motivate and reward achievement of corporate and individual performance objectives which are strategically aligned with enhancing shareholder value. Funding for the Management Bonus Plan is based on an assessment of the Company’s actual performance relative to the Compensation Committee’s pre-establishedfinancial performance levels based on a combination of financial factors as well as a comparison against a predetermined peer group. Actual payouts depend on the achievement of pre-determinedfinancial performance objectives and can range from 0% to 150% of target award amounts. Management Bonus Plan Target Opportunity.Target annual bonus opportunities are expressed as a percentage of base salary and were established by the NEOs’ level of responsibility and their ability to impact overall results. The Compensation Committee also considers market data in setting target award amounts. Target award opportunities for 2024 were as follows:

| Name                   |     | 2024 Base salary |         |     | Annual target bonus 
 Percent             |    |   |     | Dollar |         |
|:-----------------------|:----|:-----------------|--------:|:----|:--------------------|---:|:--|:----|:-------|--------:|
| Louis J. Torchio       |     | $                | 874,470 |     |                     | 70 | % |     | $      | 612,129 |
| Douglas M. Schosser    |     |                  | 600,000 |     |                     | 55 | % |     |        | 330,000 |
| William W. Harvey, Jr. |     |                  | 721,000 |     |                     | 50 | % |     |        | 360,500 |
| Gregory J. Betchkal    |     |                  | 589,860 |     |                     | 50 | % |     |        | 294,930 |
| Jacques M. DesMarteau  |     |                  | 477,405 |     |                     | 55 | % |     |        | 262,573 |
| Scott J. Watson        |     |                  | 405,794 |     |                     | 40 | % |     |        | 162,318 |

Financial Performance Objectives, Levels & Results.For the year ended December 31, 2024, the Management Bonus Plan required that two threshold metrics be satisfied in order for any cash incentive payout to