KENNETH A. PHILLIPS - 12 Dec 2023 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role: Director
Signature: /s/ Kenneth A. Phillips, by William S. Lance, Attorney-in-Fact
Issuer symbol: NWFL
Transactions as of: 12 Dec 2023
Net transactions value: +$35,592
Form type: 4
Filing time: 14 Dec 2023, 14:15:44 UTC
Previous filing: 27 Dec 2022
Next filing: 20 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	$14,830	+500	+3.8%	$29.66	13,721	12 Dec 2023	Direct
transaction	NWFL	Common Stock	Award	$20,762	+700		$29.66	700	12 Dec 2023	Restricted Stock Award	F5
holding	NWFL	Common Stock						140	12 Dec 2023	Restricted Stock Award	F1
holding	NWFL	Common Stock						280	12 Dec 2023	Restricted Stock Award	F2
holding	NWFL	Common Stock						120	12 Dec 2023	Restricted Stock Award	F3
holding	NWFL	Common Stock						560	12 Dec 2023	Restricted Stock Award	F4

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	-500	-24%	$0.000000	1,550	12 Dec 2023	Common Stock	500	$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 10, 2020 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 8, 2021 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 14, 2022 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 13, 2023 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 12, 2024 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.