Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 68

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 68
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 a license) to conduct banking activities (which states currently include Indiana, New York, Ohio and Pennsylvania); provided that, Mr. Schosser would be permitted to provide services or be engaged by any banking institution that has either less than $9 billion or greater than $40 billion in total assets. In addition, on September 20, 2023, as a result of Mr. Harvey’s retirement announcement, the Company and Northwest Bank entered into a Retirement Agreement pursuant to which Mr. Harvey transitioned from his role as Chief Financial Officer concurrently with the appointment of Mr. Schosser as our Chief Financial Officer on March 18, 2024. Under the Retirement Agreement, Mr. Harvey retired as Chief Operating Officer and as a director from the Company and Northwest Bank on December 31, 2024. On September 20, 2023, the Company and Northwest Bank also entered into an Independent Contractor Consulting Agreement with Mr. Harvey (“Consulting Agreement”), pursuant to which Mr. Harvey will remain with the Company and Northwest Bank as a consultant during 2025. His continued employment and consulting periods are designed to assist with a seamless transition. Under the Retirement Agreement, all of Mr. Harvey’s unvested equity grants under the Company’s equity incentive plans will vest at the end of the performance period pursuant to the terms of his existing equity award agreements. Under the Consulting Agreement, Mr. Harvey will serve as a consultant to the Company and the Bank for up to 20 hours per month during 2025 at an aggregate consulting fee of $1,081,500. Under the Consulting Agreement, Mr. Harvey will be considered an independent contractor and not a Company or Bank employee. The Company and Northwest Bank are parties to a one-yearchange in control agreement with each of Messrs. Betchkal, DesMarteau and Watson. On each anniversary date the change in control agreement is automatically renewed for an additional year unless either we or the executive provides notice of non-renewalat least 30 days, and not more than 60 days, prior to the next anniversary renewal date, and if it is not renewed, it expires on the anniversary date. Under each executive’s change in control agreement, in the event that an executive’s employment is terminated by us without just cause or by the executive for “good reason” 36

(as defined in the change in control agreement), in either case, within 24 months after the change in control, then within 30 days after the executive’s termination of employment, in