John F. Carmody - Nov 8, 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
Stock symbol
NWFL
Transactions as of
Nov 8, 2021
Transactions value $
-$6,510
Form type
4
Date filed
11/8/2021, 01:41 PM
Previous filing
Nov 5, 2021
Next filing
Dec 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWFL Common Stock Options Exercise $10.5K +629 +13.26% $16.65 5.37K Nov 8, 2021 Direct
transaction NWFL Common Stock Sale -$17K -629 -11.71% $27.00 4.74K Nov 8, 2021 Direct
holding NWFL Common Stock 9.77K Nov 8, 2021 ESOP
holding NWFL Common Stock 300 Nov 8, 2021 Restricted Stock Award F1
holding NWFL Common Stock 600 Nov 8, 2021 Restricted Stock Award F2
holding NWFL Common Stock 750 Nov 8, 2021 Restricted Stock Award F3
holding NWFL Common Stock 1K Nov 8, 2021 Restricted Stock Award F4
holding NWFL Common Stock 1.25K Nov 8, 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 -629 -11.75% $0.00 4.73K Nov 8, 2021 Common Stock 629 $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.