John F. Carmody - 28 Dec 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
Issuer symbol
NWFL
Transactions as of
28 Dec 2022
Net transactions value
-$12,532
Form type
4
Filing time
29 Dec 2022, 13:13:03 UTC
Previous filing
27 Dec 2022
Next filing
14 Dec 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 Tax liability $12,532 -376 -5.3% $33.33 6,688 28 Dec 2022 Direct
holding NWFL Common Stock 10,166 28 Dec 2022 ESOP
holding NWFL Common Stock 250 28 Dec 2022 Restricted Stock Award F1
holding NWFL Common Stock 500 28 Dec 2022 Restricted Stock Award F2
holding NWFL Common Stock 750 28 Dec 2022 Restricted Stock Award F3
holding NWFL Common Stock 1,200 28 Dec 2022 Restricted Stock Award F4
holding NWFL Common Stock 1,500 28 Dec 2022 Restricted Stock Award F5
* 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.

Remarks:

*Tax withholding of a portion of a prior award upon vesting.