Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 34

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 34
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 Cash (Fixed)      |     | Provide a competitive base salary rate relative to similar positions in the market and enable the Company to attract and retain critical executive talent.             |
| Annual Incentives    |     | Cash (Variable)   |     | Reward executives for delivering on annual strategic objectives that contribute to the creation of shareholder value.                                                  |
| Long-Term Incentives |     | Equity (Variable) |     | Provide incentives for executives to execute on longer-term financial goals that drive the creation of shareholder value and support the Company’s retention strategy. |

Pay Mix.The executive compensation program uses a mix of fixed and variable pay. The program is structured to create a meaningful balance between achieving strong short-term annual results while ensuring long-term viability and success. Therefore, the mix of incentives is reviewed and determined regularly by the Compensation Committee based on the short- and long-term objectives of the business. The charts below show the target annual total direct compensation of our CEO and our other NEOs for fiscal 2024. These charts show that a significant portion of executive compensation is variable (61% for our CEO and an average of 51% for our other NEOs). These charts do not include any one-timeequity grants or awards outside of target annual total direct compensation, if any.

| 2024 Target total direct compensation |     |                      |
| CEO                                   |     | Other NEOs (Average) |

Executive Compensation Decision-Making Process The Role of the Compensation Committee.The Compensation Committee oversees the executive compensation program for our NEOs. The Compensation Committee is comprised of independent, non-employeemembers of the Board. The Compensation 17

Committee works closely with its independent compensation consultant and management to examine the effectiveness of the Company’s executive compensation program including cash compensation, annual incentive compensation, equity-based awards, and other benefits and perquisites throughout the year. Details of the Compensation Committee’s authority and responsibilities are specified in its charter, which may be accessed on our website at www.northwest.com. The Compensation Committee makes all final compensation and equity award decisions regarding our NEOs, except for the CEO, whose compensation is determined by the independent members of the full Board, based upon recommendations of the Compensation Committee. Members of our management team attend regular Compensation Committee meetings where executive compensation, Company and individual performance, and competitive compensation levels and practices are discussed and evaluated. Only the Compensation Committee members can vote on decisions regarding NEO compensation. The CEO reviews his recommendations pertaining to the compensation of the other NEOs with the Compensation Committee providing