Company: NWBI
Filing Date: 2025-03-07
Form Type: DEF 14A
Source: 0001193125-25-049104
Chunk: 37

Company: Northwest Bancshares, Inc.
Filing Date: 2025-03-07
Form: DEF 14A
Chunk 37
---
      |     |                                   |
| First Commonwealth Financial Corporation [FCF] |     | S&T Bancorp, Inc. [STBA]             |     |                                   |

2024 Executive Compensation Program in Detail Base Salary.Base salary represents annual fixed compensation and is a standard element of compensation necessary to attract and retain executive leadership talent. In making base salary decisions, the Compensation Committee considers the CEO’s recommendations, as well as each NEO’s position and level of responsibility within the Company. The Compensation Committee considers factors such as competitive market data as well as individual performance, experience, tenure, internal equity, and employee potential. Base salaries are adjusted using a merit increase pool and a performance evaluation process that consists of general rating factors. Merit increases are based on the NEO’s overall performance rating, the time interval and any added responsibilities since the last salary increase. For 2024, the Compensation Committee approved salary increases for the NEOs as follows:

| Name                    |     | 2024 Base salary |         |     | 2023 Base salary |         |     | % Adjustment |     |
|:------------------------|:----|:-----------------|--------:|:----|:-----------------|--------:|:----|:-------------|:----|
| Louis J. Torchio        |     | $                | 874,470 |     |                  | 824,000 |     |              | 6%  |
| Douglas M. Schosser (1) |     |                  | 600,000 |     |                  |     N/A |     |              | N/A |
| William W. Harvey, Jr.  |     |                  | 721,000 |     |                  | 721,000 |     |              | N/A |
| Gregory J. Betchkal     |     |                  | 589,860 |     |                  | 556,000 |     |              | 6%  |
| Jacques M. DesMarteau   |     |                  | 477,405 |     |                  | 450,000 |     |              | 6%  |
| Scott J. Watson         |     |                  | 405,794 |     |                  | 382,500 |     |              | 6%  |

| (1) | Mr. Schosser joined the Company on March 18, 2024. |

Mr. Golding received a 6% increase in 2024 at the same time as the others listed in