Company: NWBI
Filing Date: 2025-02-20
Form Type: S-4/A
Source: 0001193125-25-030716
Chunk: 107

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-20
Form: S-4/A
Chunk 107
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, Penns Woods shall deliver a new written notice to Northwest giving rise to a new five (5)
business day notice period.

Amendment

The Merger Agreement may be amended or modified by Northwest and Penns Woods at any time before or after the receipt of the requisite vote of
the Penns Woods shareholders, provided, however, that after the receipt of the requisite vote of the Penns Woods shareholders, there may not be, without further approval of such shareholders of Penns Woods, any amendment of the Merger Agreement that
requires such further approval under applicable law. The Merger Agreement may not be amended, modified or supplemented in any manner, whether by course of conduct or otherwise, except by an instrument in writing signed on behalf of Northwest and
Penns Woods.

77

COMPARISON OF CERTAIN RIGHTS OF PENNS WOODS SHAREHOLDERS AND NORTHWEST STOCKHOLDERS If the Merger is completed, shareholders of Penns Woods will receive Northwest common stock in the Merger and, therefore, will become stockholders of Northwest and will cease to be shareholders of Penns Woods. Northwest is organized under the laws of the State of Maryland and Penns Woods is organized under the laws of the Commonwealth of Pennsylvania. The following is a summary of the material differences between (1) the current rights of holders of Penns Woods common stock under Pennsylvania law and Penns Woods’ Articles of Incorporation, as amended (“Penns Woods’ Articles of Incorporation”) and Penns Woods’ Bylaws and (2) the current rights of holders of Northwest common stock under Maryland law and Northwest’s Articles of Incorporation and Bylaws. Northwest and Penns Woods believe that this summary describes the material differences between the rights of holders of Northwest common stock as of the date of this proxy statement/prospectus and the rights of holders of Penns Woods common stock as of the date of this proxy statement/prospectus. The following chart compares certain rights of the holders of shares of Penns Woods’ common stock to the rights of holders of Northwest common stock in areas where those rights are materially different. This summary, however, does not purport to be a complete description of such differences and is qualified in its entirety by reference to the relevant provisions of Pennsylvania law, the relevant provisions of Maryland law, and the respective corporate governance instruments of Penns Woods and Northwest. Copies of Northwest’s and Penns Woods’ governing documents have been filed with the SEC. To find out where copies of these documents can be obtained, see the section