Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 70

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 70
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 executive’s death, at generally the same level as Northwest Bank was providing such benefits at the time of the executive’s death. If the executive dies during the term of the agreement, Northwest Bank will continue to pay their then-current base salary for one year and will provide medical and dental benefits for the executive’s eligible dependents for three years after the executive’s death, at generally the same level as Northwest Bank was providing such benefits at the time of the executive’s death. The Company and Northwest Bank are also party to an employment agreement with Mr. Golding, dated as of April 7, 2020 and amended November 1, 2021. In connection with Mr. Golding’s termination of employment on June 17, 2024, Mr. Golding entered into a Confidential Separation Agreement and General Release pursuant to which Mr. Golding received the severance payments and benefits to which he was entitled in connection with an involuntary termination by us without cause. The severance amounts payable to Mr. Golding upon his termination are comprised of (i) (A) lump sum cash payment in the amount of three times the highest rate of base salary paid to Mr. Golding during the prior three years plus (B) three times the highest rate of cash bonus paid to Mr. Golding during the prior three years (being the aggregate lump sum amount of $1,618,482.75; and (ii) continuation of medical and dental coverage for 36 months from the date of termination, unless Mr. Golding obtains similar benefits from a new employer (a benefit valued at approximately $25,673. The foregoing payments were conditioned on Mr. Golding’s execution and non-revocationof a release of claims upon his termination of employment and continued compliance with his restrictive covenants, including (i) perpetual confidentiality and non-disclosureobligations and (ii) non-solicitationof employees and customers and clients for 12 months post-termination. Potential Payments to Named Executive Officers The following tables show potential payments that would be made to the NEOs upon specified events, assuming such events occurred on December 31, 2024, pursuant to each individual’s employment agreement or change in control agreement, and pursuant to stock benefits that have been granted under our equity incentive plans. In addition to the payments and benefits listed in the following tables, certain of the NEOs may be eligible to receive benefits under our pension plan, supplemental executive retirement plan or post-retirement life insurance benefits, however, these benefits would be