Company: NWBI
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001471265-25-000016
Chunk: 195

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1B
Chunk 195
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4, 2023 and 2022

The aggregate intrinsic value of all options expected to vest and fully vested options at December 31, 2024 is ($193,000) and ($5.3) million, respectively. The following table summarizes the number of options outstanding, number of options exercisable, and weighted average remaining life of all option grants as of December 31, 2024 (amounts in this table are not in thousands):Exercise priceExercise priceExercise priceExercise price $9.71$12.37$13.68$14.15Options outstanding:Number of options325,075 151,948 470,042 297,819 Weighted average remaining contract life (years)5.40.46.41.4Options exercisable:Number of options247,401 151,948 394,884 278,402 Weighted average remaining term - vested (years)4.69.63.68.6 Exercise priceExercise priceExercise priceExercise price $15.57$16.59$17.27$14.25Options outstanding:Number of options419,582 543,519 395,942 2,605,867 Weighted average remaining contract life (years)2.43.44.43.8Options exercisable:Number of options373,022 543,519 364,202 2,355,318 Weighted average remaining term - vested (years)7.66.65.62.6

(16)                          Disclosures About Fair Value of Financial Instruments

 We are required to disclose fair value information about financial instruments whether or not recognized in the Consolidated Statement of Financial Condition. Fair value information of certain financial instruments and all nonfinancial instruments is not required to be disclosed. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company.Financial assets and liabilities recognized or disclosed at fair value on a recurring basis and certain financial assets and liabilities on a non-recurring basis are accounted for using a three-level hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. This hierarchy gives the highest priority to quoted prices with readily available independent data in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable market inputs (Level 3). When various inputs for measurement fall within different levels of the fair value hierarchy, the lowest level input that has a significant impact on fair value measurement is used