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

Role
President & CEO, Director
Signature
/s/ James O. Donnelly by William S. Lance POA
Stock symbol
NWFL
Transactions as of
Dec 12, 2023
Transactions value $
$191
Form type
4
Date filed
12/14/2023, 02:35 PM
Previous filing
Oct 27, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NWFL Common Stock Award $191 +6.45 +0.1% $29.66 6.45K Dec 12, 2023 Restricted Stock Award F3
holding NWFL Common Stock 3.9K Dec 12, 2023 Direct
holding NWFL Common Stock 900 Dec 12, 2023 Restricted Stock Award F1
holding NWFL Common Stock 2K Dec 12, 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.