Donnelly James O - 12 Dec 2023 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role
President & CEO, Director
Signature
/s/ James O. Donnelly by William S. Lance POA
Issuer symbol
NWFL
Transactions as of
12 Dec 2023
Net transactions value
+$191
Form type
4
Filing time
14 Dec 2023, 14:35:44 UTC
Previous filing
27 Oct 2023
Next filing
23 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWFL Common Stock Award $191 +6 +0.1% $29.66 6,446 12 Dec 2023 Restricted Stock Award F3
holding NWFL Common Stock 3,900 12 Dec 2023 Direct
holding NWFL Common Stock 900 12 Dec 2023 Restricted Stock Award F1
holding NWFL Common Stock 2,000 12 Dec 2023 Restricted Stock Award F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award vests at a rate of 70% as of the one-year anniversary of the date of grant, May 10, 2022, and then at the rate of 10% annually thereafter until such stock award shares are fully earned.
F2 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.
F3 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.