ROBERT J. MANCUSO - 12 Jan 2022 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role: EVP & Chief Operating Officer
Signature: /s/ Robert J. Mancuso, By William S. Lance, Attorney-in-Fact
Issuer symbol: NWFL
Transactions as of: 12 Jan 2022
Net transactions value: +$30,294
Form type: 4
Filing time: 13 Jan 2022, 12:42:49 UTC
Previous filing: 16 Dec 2021
Next filing: 09 Aug 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	Options Exercise	$30,294	+1,650	+13%	$18.36	14,483	12 Jan 2022	Direct
holding	NWFL	Common Stock						300	12 Jan 2022	Restricted Stock Award	F1
holding	NWFL	Common Stock						500	12 Jan 2022	Restricted Stock Award	F2
holding	NWFL	Common Stock						750	12 Jan 2022	Restricted Stock Award	F3
holding	NWFL	Common Stock						1,000	12 Jan 2022	Restricted Stock Award	F4
holding	NWFL	Common Stock						1,500	12 Jan 2022	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	-1,650	-87%	$0.000000	250	12 Jan 2022	1/08/2023	1,650	$18.36	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 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.