Andrew Forte - Dec 27, 2022 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role: Director
Signature: /s/Andrew Forte, by William S. Lance, Attorney-in-Fact
Stock symbol: NWFL
Transactions as of: Dec 27, 2022
Transactions value $: -$27,398
Form type: 4
Date filed: 12/27/2022, 05:29 PM
Previous filing: Dec 15, 2022
Next filing: Jun 29, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWFL	Common Stock	Options Exercise	$14.9K	+825	+11.97%	$18.03	7.72K	Dec 27, 2022	Direct
transaction	NWFL	Common Stock	Sale	-$27.4K	-825	-10.52%	$33.21	7.02K	Dec 27, 2022	Direct
holding	NWFL	Common Stock						6.89K	Dec 27, 2022	Direct
holding	NWFL	Common Stock						5.01K	Dec 27, 2022	IRA
holding	NWFL	Common Stock						6.74K	Dec 27, 2022	Forte, Inc.
holding	NWFL	Common Stock						140	Dec 27, 2022	Restricted Stock Award	F1
holding	NWFL	Common Stock						280	Dec 27, 2022	Restricted Stock Award	F2
holding	NWFL	Common Stock						420	Dec 27, 2022	Restricted Stock Award	F3
holding	NWFL	Common Stock						160	Dec 27, 2022	Restricted Stock Award	F4
holding	NWFL	Common Stock						700	Dec 27, 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	-$14.9K	-825	-28.7%	$18.03	2.05K	Dec 27, 2022	Common Stock	825	$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.