WILLIAM S. LANCE - 24 Aug 2022 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role: EVP & CFO
Signature: /s/ William S. Lance
Issuer symbol: NWFL
Transactions as of: 24 Aug 2022
Net transactions value: -$7,404
Form type: 4
Filing time: 26 Aug 2022, 16:32:55 UTC
Previous filing: 16 Dec 2021
Next filing: 30 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	$14,947	+829	+11%	$18.03	8,421	24 Aug 2022	Direct
transaction	NWFL	Common Stock	Sale	$21,554	-829	-9.8%	$26.00	7,592	24 Aug 2022	Direct
transaction	NWFL	Common Stock	Options Exercise	$1,803	+100	+1.3%	$18.03	7,692	25 Aug 2022	Direct
transaction	NWFL	Common Stock	Sale	$2,600	-100	-1.3%	$26.00	7,592	25 Aug 2022	Direct
holding	NWFL	Common Stock						300	24 Aug 2022	Restricted Stock Award	F1
holding	NWFL	Common Stock						500	24 Aug 2022	Restricted Stock Award	F2
holding	NWFL	Common Stock						750	24 Aug 2022	Restricted Stock Award	F3
holding	NWFL	Common Stock						1,000	24 Aug 2022	Restricted Stock Award	F4
holding	NWFL	Common Stock						1,500	24 Aug 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	Options-Right to Buy	Options Exercise	$0	-829	-18%	$0.000000	3,896	24 Aug 2022	Common Stock	829	$18.03	Direct
transaction	NWFL	Options-Right to Buy	Options Exercise	$0	-100	-2.6%	$0.000000	3,796	25 Aug 2022	Common Stock	100	$18.03	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.