Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 369

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 8
Chunk 369
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 fair valueTotal market value ($)Vesting period (years)December 31, 20225/18/2022Employees150,027 RSU$11.00 1.7 million35/18/2022Employees150,027 PSU10.261.5 million35/18/2022Directors41,206 RSA12.55517,0001VariousEmployees13,115 RSU12.69166,0003December 31, 20233/15/2023Employees176,623 RSU11.282.0 million33/15/2023Employees176,623 PSU10.54 1.9 million33/15/2023Directors33,048 RSA12.80423,00013/27/2023Employees80,980 RSU11.20 907,0002VariousEmployees128,148 RSU10.30 1.3 million3December 31, 20243/20/2024Employees307,775 RSU9.79 3.0 million33/20/2024Employees324,124 PSU9.07 2.9 million33/20/2024Directors41,560 RSA11.31 470,0001VariousEmployees266,106 RSU10.86 2.9 million3 to 4Total shares forfeited from the 2022 plan were 210,214 of which 139,141 shares were forfeited during the year ended December 31, 2024. At December 31, 2024, there was compensation expense of $4.2 million to be recognized for awarded but unvested RSUs and $2.4 million to be recognized for awarded but unvested PSUs, with an expense recognition period remaining of 2.5 years. At December 31, 2024, there was compensation expense of $918,215 to be recognized for awarded but unvested RSAs, with an expense recognition period remaining of one year.  (c) Stock Option PlansThere were no stock options granted during the years ended December 31, 2024, December 31, 2023 or December 31, 2022. Previously granted options were valued using the Black-Scholes option pricing model.The following table summarizes the activity in our option plans during the years ended December 31, 2024, December 31, 2023 and December