KENNETH A. PHILLIPS - 13 Dec 2022 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role
Director
Signature
/s/Kenneth A. Phillips, by William S. Lance, Attorney-in-Fact
Issuer symbol
NWFL
Transactions as of
13 Dec 2022
Net transactions value
+$23,471
Form type
4
Filing time
15 Dec 2022, 16:32:42 UTC
Previous filing
17 Dec 2021
Next filing
27 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 Options Exercise $5,409 +300 +2.4% $18.03 12,771 13 Dec 2022 Direct
transaction NWFL Common Stock Award $23,471 +700 $33.53 700 13 Dec 2022 Restricted Stock Award F5
holding NWFL Common Stock 140 13 Dec 2022 Restricted Stock Award F1
holding NWFL Common Stock 280 13 Dec 2022 Restricted Stock Award F2
holding NWFL Common Stock 420 13 Dec 2022 Restricted Stock Award F3
holding NWFL Common Stock 160 13 Dec 2022 Restricted Stock Award F4

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 $5,409 -300 -10% $18.03 2,575 13 Dec 2022 Common Stock 300 $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 11, 2019 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 10, 2020 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 8, 2021 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 14, 2022 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 13, 2023 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.