John F. Carmody - Dec 27, 2022 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role: EVP & Chief Credit Officer
Signature: /s/ John F. Carmody, by William S. Lance, Attorney-in-Fact
Stock symbol: NWFL
Transactions as of: Dec 27, 2022
Transactions value $: -$74,250
Form type: 4
Date filed: 12/27/2022, 05:45 PM
Previous filing: Dec 15, 2022
Next filing: Dec 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWFL	Common Stock	Options Exercise	$40.3K	+2.25K	+31.85%	$17.93	9.31K	Dec 27, 2022	Direct
transaction	NWFL	Common Stock	Sale	-$74.3K	-2.25K	-24.16%	$33.00	7.06K	Dec 27, 2022	Direct
holding	NWFL	Common Stock						10.2K	Dec 27, 2022	ESOP
holding	NWFL	Common Stock						250	Dec 27, 2022	Restricted Stock Award	F1
holding	NWFL	Common Stock						500	Dec 27, 2022	Restricted Stock Award	F2
holding	NWFL	Common Stock						750	Dec 27, 2022	Restricted Stock Award	F3
holding	NWFL	Common Stock						1.2K	Dec 27, 2022	Restricted Stock Award	F4
holding	NWFL	Common Stock						1.5K	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	Options-Right to Buy	Options Exercise	-$40.3K	-2.25K	-100%	$17.93	0	Dec 27, 2022	Common Stock	2.25K	$17.93	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.