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

Role
Director
Signature
/s/Andrew Forte, by William S. Lance, Attorney-in-Fact
Issuer symbol
NWFL
Transactions as of
27 Dec 2022
Net transactions value
-$27,398
Form type
4
Filing time
27 Dec 2022, 17:29:14 UTC
Previous filing
15 Dec 2022
Next filing
29 Jun 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 Options Exercise $14,875 +825 +12% $18.03 7,715 27 Dec 2022 Direct
transaction NWFL Common Stock Sale $27,398 -825 -11% $33.21 7,020 27 Dec 2022 Direct
holding NWFL Common Stock 6,890 27 Dec 2022 Direct
holding NWFL Common Stock 5,005 27 Dec 2022 IRA
holding NWFL Common Stock 6,744 27 Dec 2022 Forte, Inc.
holding NWFL Common Stock 140 27 Dec 2022 Restricted Stock Award F1
holding NWFL Common Stock 280 27 Dec 2022 Restricted Stock Award F2
holding NWFL Common Stock 420 27 Dec 2022 Restricted Stock Award F3
holding NWFL Common Stock 160 27 Dec 2022 Restricted Stock Award F4
holding NWFL Common Stock 700 27 Dec 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 $14,875 -825 -29% $18.03 2,050 27 Dec 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.