secwatch.observer — SEC 8-K summary
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Issuer:     Northwest Bancshares, Inc. (NWBI)
CIK:        0001471265
Form:       8-K
Filed at:   2021-11-19T23:59:59+00:00
Accession:  0001471265-21-000153
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Northwest Bancshares amends exec employment agreements to remove change-in-control payment reduction clause
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- Deleted Section 4(f) from agreements of CEO, CFO, and three other SEVPs, eliminating benefit reduction upon change in control.
- Amendment effective Nov 1, 2021; affects Ronald J. Seiffert, William W. Harvey Jr., John J. Golding, Mark T. Reitzes, Louis J. Torchio.
- Executives will now receive full severance payments without parachute reduction in a change-in-control event.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1471265/000147126521000153/0001471265-21-000153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1471265/000147126521000153/nwbi-20211116.htm
  HTML page:      https://secwatch.observer/filing/0001471265-21-000153

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer