KENNETH A. PHILLIPS - 17 Nov 2021 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role
Director
Signature
/s/Kenneth A. Phillips, by William S. Lance, Attorney-in-Fact
Issuer symbol
NWFL
Transactions as of
17 Nov 2021
Net transactions value
+$7,076
Form type
4
Filing time
18 Nov 2021, 15:27:55 UTC
Next filing
16 Dec 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 $7,076 +425 +3.8% $16.65 11,616 17 Nov 2021 Direct
holding NWFL Common Stock 105 17 Nov 2021 Restricted Stock Award F1
holding NWFL Common Stock 20 17 Nov 2021 Restricted Stock Award F2
holding NWFL Common Stock 420 17 Nov 2021 Restricted Stock Award F3
holding NWFL Common Stock 560 17 Nov 2021 Restricted Stock Award F4
holding NWFL Common Stock 700 17 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 Options-Right to Buy Options Exercise $0 -425 -11% $0.000000 3,275 17 Nov 2021 Common Stock 425 $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.