---
schema_version: "secwatch.filing_event.v1"
accession: "0001471265-24-000142"
form_type: "8-K"
ticker: "NWBI"
cik: "0001471265"
company_name: "Northwest Bancshares, Inc."
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:15:13.996124+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Northwest Bancshares to acquire Penns Woods Bancorp in all-stock deal at 2.385x exchange ratio

## Summary
- Exchange ratio: 2.385 shares of NWBI common stock for each PWOD share.
- Merger expected to close in Q3 2025, subject to shareholder and regulatory approvals.
- PWOD director Richard A. Grafmyre to join NWBI board at closing.
- Termination fee of $10 million payable by PWOD under specified conditions.
- Support agreements signed with all PWOD directors to vote in favor.

## SEC filing metadata
- accession: 0001471265-24-000142
- form_type: 8-K
- ticker: NWBI
- cik: 0001471265
- company_name: Northwest Bancshares, Inc.
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1471265/000147126524000142/0001471265-24-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1471265/000147126524000142/nwbi-20241216.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001471265-24-000142
- JSON: https://secwatch.observer/filing/0001471265-24-000142.json
- Plain text: https://secwatch.observer/filing/0001471265-24-000142.txt

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