John F. Carmody - 27 Dec 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
27 Dec 2021
Net transactions value
-$9,794
Form type
4
Filing time
28 Dec 2021, 14:40:04 UTC
Previous filing
16 Dec 2021
Next filing
15 Dec 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWFL Common Stock Tax liability $9,794 -378 -6.2% $25.91 5,714 27 Dec 2021 Direct
holding NWFL Common Stock 9,766 27 Dec 2021 ESOP
holding NWFL Common Stock 300 27 Dec 2021 Restricted Stock Award F1
holding NWFL Common Stock 500 27 Dec 2021 Restricted Stock Award F2
holding NWFL Common Stock 750 27 Dec 2021 Restricted Stock Award F3
holding NWFL Common Stock 1,000 27 Dec 2021 Restricted Stock Award F4
holding NWFL Common Stock 1,500 27 Dec 2021 Restricted Stock Award F5
* 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 12, 2018 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 11, 2019 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 10, 2020 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 8, 2021 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 14, 2022 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 a prior award upon vesting.