Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 23

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 23
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 approving the execution of (i) employment and severance arrangements, (ii) change in control agreements and change in control provisions affecting any elements of compensation and benefits and (iii) any special or supplemental compensation and benefits for the executive officers, including supplemental retirement benefits and the perquisites; |

| • |     | reviewing and approving all employee benefit plans, including retirement plans and health insurance; |

| • |     | at least annually, in consultation with the CEO, reviewing succession planning, talent development and retention programs for executive officers, and providing guidance for the leadership pipeline below the executive officer level; |

| • |     | annually issuing the Compensation Committee Report, which is included in our annual proxy statement; |

| • |     | annually reviewing the Company’s compensation practices and the relationship among risk management and compensation; |

| • |     | annually reviewing the compensation, discussion and analysis which is included in our annual proxy statement; |

| • |     | developing and implementing policies with respect to the recovery of any excess compensation paid to any of the Company’s executive officers or other covered employees; |

| • |     | overseeing the Company’s key human resources policies and practices; and |

| • |     | periodically reviewing compensation, including benefits and equity awards, paid to non-employee directors. |

The Compensation Committee has available the resources and authority necessary to properly discharge its duties and responsibilities, including the authority to retain counsel and other experts or consultants. The Compensation Committee, in performing these duties and responsibilities with respect to director and executive officer compensation, relies on the assistance of professionals within our Human Resources Department. During 2024, the Compensation Committee utilized Pearl Meyer & Partners, LLC (“Pearl Meyer”), an independent executive compensation consulting firm, for an independent review of director and executive officer compensation, including benefits and equity awards. For the year ended December 31, 2024, we incurred $93,000 of fees for their compensation consulting services. Nominating and Corporate Governance Committee.Each member of the Nominating and Corporate Governance Committee is considered “independent” as defined in the Nasdaq corporate governance listing standards. Our Board of Directors has approved a written charter for the Nominating and Corporate Governance Committee, which is available on our website at www.northwest.com. The functions of the Nominating and Corporate Governance Committee include the following:

| • |     | leading the search for individuals qualified to become members of the Board and recommending to the Board potential director nominees to be presented for shareholder approval; |

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