Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 53

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 53
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 |     |                 | 2,322 |     |                        | 3,544 |     |             |      — |     |                  |      — |     |                |         — |     |                  |    19,666 |
| John J. Golding        |     |                          |  9,077 |     |                 | 1,782 |     |                        | 3,640 |     |             |      — |     |                  |  2,397 |     |                | 1,618,483 |     |                  | 1,635,379 |

| (a) | Reflects contributions to our tax qualified plan. Northwest Bank makes matching contributions equal to 100% of the employee’s 401(k) plan contributions, up to 4% of the employee’s eligible compensation limited by Internal Revenue Code restrictions. |

| (b) | Reflects excess premiums and/or payments for life insurance reported as taxable compensation on the NEO’s Form W-2. As of December 31, 2024, the pre-retirement death benefit amounts from the Northwest Bank life insurance plan were as follows: $500,000 for Mr. Torchio; $500,000 for Mr. Schosser, $1,150,000 for Mr. Harvey; $500,000 for Mr. Betchkal; $500,000 for Mr. DesMarteau and $500,000 for Mr. Watson. The premiums paid by Northwest Bank for the NEOs for life insurance coverage during 2024 totaled $8,714, consisting of the following premiums: $840 for Mr. Torchio; $700 for Mr. Schosser; $4,654 for Mr. Harvey; $840 for Mr. Betchkal; $840 for Mr. DesMarteau and $840 for Mr. Watson. However, the imputed economic benefit for this life insurance coverage during 2024 was as follows: $3,564 for Mr. Torchio; $955 for Mr. Schosser; $5,628 for Mr. Harvey; $3,564 for Mr. Betchkal; $2,322 for Mr. DesMarteau and $2,322 for Mr. Watson. The amount of such economic benefit was determined using the amount imputed to the individual under applicable tables published by the Internal Revenue Service multiplied by the aggregate death benefit payable to the individual’s beneficiary. |

| (c) | Reflects dividends on shares of un