Donnelly James O - 13 Dec 2022 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role
President & CEO, Director
Signature
/s/ James O. Donnelly by William S. Lance POA
Issuer symbol
NWFL
Transactions as of
13 Dec 2022
Net transactions value
+$83,825
Form type
4
Filing time
15 Dec 2022, 16:23:19 UTC
Previous filing
09 Aug 2022
Next filing
13 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWFL Common Stock Award $83,825 +2,500 $33.53 2,500 13 Dec 2022 Restricted Stock Award F2
holding NWFL Common Stock 750 13 Dec 2022 Direct
holding NWFL Common Stock 3,000 13 Dec 2022 Restricted Stock Award F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award vests at a rate of 70% as of the one-year anniversary of the date of grant, May 10, 2022, and then at the rate of 10% annually thereafter until such stock award shares are fully earned.
F2 Award vests in five equal installments beginning on December 13, 2023 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.