Kenneth A. Phillips - Dec 12, 2023 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role
Director
Signature
/s/ Kenneth A. Phillips, by William S. Lance, Attorney-in-Fact
Stock symbol
NWFL
Transactions as of
Dec 12, 2023
Transactions value $
$35,592
Form type
4
Date filed
12/14/2023, 02:15 PM
Previous filing
Dec 27, 2022
Next filing
Dec 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWFL Common Stock Options Exercise $14.8K +500 +3.78% $29.66 13.7K Dec 12, 2023 Direct
transaction NWFL Common Stock Award $20.8K +700 $29.66 700 Dec 12, 2023 Restricted Stock Award F5
holding NWFL Common Stock 140 Dec 12, 2023 Restricted Stock Award F1
holding NWFL Common Stock 280 Dec 12, 2023 Restricted Stock Award F2
holding NWFL Common Stock 120 Dec 12, 2023 Restricted Stock Award F3
holding NWFL Common Stock 560 Dec 12, 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 -24.39% $0.00 1.55K Dec 12, 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.