WILLIAM S. LANCE - 07 Feb 2023 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role
EVP & CFO
Signature
/s/ William S. Lance
Issuer symbol
NWFL
Transactions as of
07 Feb 2023
Net transactions value
-$36,720
Form type
4
Filing time
07 Feb 2023, 12:32:04 UTC
Previous filing
15 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 Options Exercise $40,342 +2,250 +25% $17.93 11,192 07 Feb 2023 Direct
transaction NWFL Common Stock Sale $77,062 -2,250 -20% $34.25 8,942 07 Feb 2023 Direct
holding NWFL Common Stock 250 07 Feb 2023 Restricted Stock Award F1
holding NWFL Common Stock 500 07 Feb 2023 Restricted Stock Award F2
holding NWFL Common Stock 750 07 Feb 2023 Restricted Stock Award F3
holding NWFL Common Stock 1,200 07 Feb 2023 Restricted Stock Award F4
holding NWFL Common Stock 1,500 07 Feb 2023 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 $0 -2,250 -100% $0.000000* 0 07 Feb 2023 Common Stock 2,250 $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.