Company: NWBI
Filing Date: 2025-02-20
Form Type: S-4/A
Source: 0001193125-25-030716
Chunk: 80

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-20
Form: S-4/A
Chunk 80
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 (3) 
 ($)          |        |     | Total 
 ($)   |           |
|:--------------------|:----|:---------|----------:|:----|:----------|--------:|:----|:--------------|:--|:----|:-------------|-------:|:----|:------|----------:|
| Richard A. Grafmyre |     | $        | 2,285,612 |     | $         | 621,391 |     |               | — |     | $            | 44,640 |     | $     | 2,951,643 |
| Brian L. Knepp      |     | $        |   663,030 |     | $         | 657,791 |     |               | — |     | $            | 57,752 |     | $     | 1,378,574 |
| Aron M. Carter      |     | $        |   360,186 |     | $         | 159,277 |     |               | — |     | $            | 58,223 |     | $     |   577,686 |
| Michelle M. Karas   |     | $        |   360,853 |     | $         | 159,277 |     |               | — |     | $            | 22,925 |     | $     |   543,055 |

| (1) | The amounts in this column reflect the value of the cash severance payable in lump sum under the employment                                                                                                                                          
 agreement each of Penns Woods’ named executive officers has with Penns Woods and, as applicable, Jersey Shore Bank described above. All amounts paid may be reduced to avoid excess parachute payments under Section 280G of the Internal            
 Revenue Code. Cash severance is a multiple of salary and averages of bonuses. The average bonuses used in calculating the above amounts were based on bonuses earned during 2022 and 2023 and assume 2024 bonuses will be $325,000 for Mr. Grafmyre, 
 $70,000 for Mr. Knepp, none for Mr. Carter and $1,000 for Ms. Karas. The amounts reflected under this column for Messrs. Grafmyre, Knepp, and Carter and Ms. Karas will only be realized if the named executive officer’s                            
 termination without cause or resignation for good reason occurs concurrently with or within a specified period after the completion of the Merger