---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-24-016679"
form_type: "8-K"
ticker: "NWBI"
cik: "0001471265"
company_name: "Northwest Bancshares, Inc."
filed_at: "2024-11-22T23:59:59+00:00"
generated_at: "2026-05-29T19:40:59.268414+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# NWBI amends CEO/CFO employment agreements, grants $2M RSU retention award to CEO

## Summary
- On Nov 20, Compensation Committee approved amended agreements for CEO Louis Torchio and CFO Douglas Schosser.
- Key changes: expanded 12-month noncompete to any state where NWBI has a banking license; 280G cutback provision.
- CEO granted $2M RSUs vesting after 4 years; accelerated vesting on death/disability/change-in-control or after age 65.
- Bylaw amended to allow annual meetings to be held partially or fully via remote communication.
- RSU grant effective by Dec 31, 2024; settled in two installments (vesting date + 6 months post-employment).

## SEC filing metadata
- accession: 0000950103-24-016679
- form_type: 8-K
- ticker: NWBI
- cik: 0001471265
- company_name: Northwest Bancshares, Inc.
- filed_at: 2024-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471265/000095010324016679/0000950103-24-016679-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471265/000095010324016679/dp220947_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-24-016679
- JSON: https://secwatch.observer/filing/0000950103-24-016679.json
- Plain text: https://secwatch.observer/filing/0000950103-24-016679.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.