Lewis J. Critelli - Nov 15, 2021 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role: President & CEO, Director
Signature: /s/ Lewis J. Critelli by William S. Lance, Attorney-in-Fact
Stock symbol: NWFL
Transactions as of: Nov 15, 2021
Transactions value $: -$62,659
Form type: 4
Date filed: 11/17/2021, 05:10 AM
Next filing: May 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWFL	Common Stock	Options Exercise	$96.2K	+5.78K	+20.81%	$16.65	33.5K	Nov 15, 2021	Direct
transaction	NWFL	Common Stock	Sale	-$159K	-5.78K	-17.23%	$27.50	27.7K	Nov 15, 2021	Direct
holding	NWFL	Common Stock						28.1K	Nov 15, 2021	ESOP
holding	NWFL	Common Stock						600	Nov 15, 2021	Restricted Stock Award	F1
holding	NWFL	Common Stock						1.2K	Nov 15, 2021	Restricted Stock Award	F2
holding	NWFL	Common Stock						1.5K	Nov 15, 2021	Restricted Stock Award	F3
holding	NWFL	Common Stock						2K	Nov 15, 2021	Restricted Stock Award	F4
holding	NWFL	Common Stock						2.5K	Nov 15, 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	-5.78K	-35.98%	$0.00	10.3K	Nov 15, 2021	Common Stock	5.78K	$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.