Andrew Forte - Dec 9, 2021 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role
Director
Signature
/s/ Andrew Forte, by William S. Lance, Attorney-in-Fact
Stock symbol
NWFL
Transactions as of
Dec 9, 2021
Transactions value $
-$7,722
Form type
4
Date filed
12/9/2021, 02:16 PM
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 $13.7K +825 +14.32% $16.65 6.59K Dec 9, 2021 Direct
transaction NWFL Common Stock Sale -$21.5K -825 -12.53% $26.01 5.76K Dec 9, 2021 Direct
holding NWFL Common Stock 4.45K Dec 9, 2021 IRA
holding NWFL Common Stock 6.34K Dec 9, 2021 Forte, Inc.
holding NWFL Common Stock 105 Dec 9, 2021 Restricted Stock Award F1
holding NWFL Common Stock 20 Dec 9, 2021 Restricted Stock Award F2
holding NWFL Common Stock 420 Dec 9, 2021 Restricted Stock Award F3
holding NWFL Common Stock 560 Dec 9, 2021 Restricted Stock Award F4
holding NWFL Common Stock 700 Dec 9, 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 -825 -22.3% $0.00 2.88K Dec 9, 2021 Common Stock 825 $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.