KENNETH A. PHILLIPS - 16 Dec 2025 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role: Director
Signature: /s/ Kenneth A. Phillips, by John M. McCaffery, Attorney-in-Fact
Issuer symbol: NWFL
Transactions as of: 16 Dec 2025
Net transactions value: +$24,585
Form type: 4
Filing time: 18 Dec 2025, 16:43:05 UTC
Previous filing: 04 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
PHILLIPS KENNETH A	Director	717 MAIN STREET, HONESDALE	/s/ Kenneth A. Phillips, by John M. McCaffery, Attorney-in-Fact	18 Dec 2025	0001192468

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWFL	Common Stock	Award	$24,585	+825		$29.80	825	16 Dec 2025	Restricted Stock	F5
holding	NWFL	Common Stock						15,165	16 Dec 2025	Direct
holding	NWFL	Common Stock						40	16 Dec 2025	Restricted Stock	F1
holding	NWFL	Common Stock						280	16 Dec 2025	Restricted Stock	F2
holding	NWFL	Common Stock						420	16 Dec 2025	Restricted Stock	F3
holding	NWFL	Common Stock						550	16 Dec 2025	Restricted Stock	F4
holding	NWFL	Common Stock						82	16 Dec 2025	Restricted Stock	F4

* 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 14, 2022 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 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.
F4	Award vests in three equal installments beginning on December 15, 2025 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
F5	Award vests in three equal installments beginning on December 15, 2026 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.