John F. Carmody - 04 Nov 2021 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role
EVP & Chief Credit Officer
Signature
/s/John F. Carmody, by William S. Lance, Attorney-in-Fact
Issuer symbol
NWFL
Transactions as of
04 Nov 2021
Net transactions value
-$10,567
Form type
4
Filing time
05 Nov 2021, 12:42:53 UTC
Next filing
08 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWFL Common Stock Options Exercise $17,000 +1,021 +22% $16.65 5,763 04 Nov 2021 Direct
transaction NWFL Common Stock Sale $27,567 -1,021 -18% $27.00 4,742 04 Nov 2021 Direct
holding NWFL Common Stock 9,766 04 Nov 2021 ESOP
holding NWFL Common Stock 300 04 Nov 2021 Restricted Stock Award F1
holding NWFL Common Stock 600 04 Nov 2021 Restricted Stock Award F2
holding NWFL Common Stock 750 04 Nov 2021 Restricted Stock Award F3
holding NWFL Common Stock 1,000 04 Nov 2021 Restricted Stock Award F4
holding NWFL Common Stock 1,250 04 Nov 2021 Restricted Stock Award F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NWFL Option-Right to Buy Options Exercise $0 -1,021 -16% $0.000000 5,354 04 Nov 2021 Common Stock 1,021 $16.65 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award vests in five equal installments beginning on December 13, 2017 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
F2 Award vests in five equal installments beginning on December 12, 2018 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
F3 Award vests in five equal installments beginning on December 11, 2019 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
F4 Award vests in five equal installments beginning on December 10, 2020 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
F5 Award vests in five equal installments beginning on December 8, 2021 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.

Remarks:

(*) Tax withholding of a portion of prior award upon vesting.