Norwood Financial lending chief holds 1,336 shares

The EVP & Chief Lending Officer’s reported options have individual exercise prices and expirations through December 13, 2032.

Rhea-AI Filing Summary

Norwood Financial Corp (NWFL) lists Steven R. Daniels, EVP & Chief Lending Officer, with 1,336 shares of common stock held directly and 2 shares held indirectly in a Child UTMA Account. His direct stock options cover 750 shares at a $32.34 exercise price (expiring December 11, 2028), 750 shares at $36.02 and 1,000 shares at $26.93 (both expiring December 11, 2029), 2,500 shares at $25.80 (expiring December 14, 2031), and 2,500 shares at $33.53 (expiring December 13, 2032).

Insider Trade Summary

11 transactions reported

Mixed 11 txns

Insider Daniels Steven R.

Role EVP & Chief Lending Officer

Type	Security	Shares	Price	Value
holding	Stock Options	--	--	--
holding	Stock Options	--	--	--
holding	Stock Options	--	--	--
holding	Stock Options	--	--	--
holding	Stock Options	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock F1	--	--	--
holding	Common Stock F2	--	--	--
holding	Common Stock F3	--	--	--

Holdings After Transaction: Stock Options — 7,500 contracts (Direct); Common Stock — 1,336.2 shares (Direct); Common Stock — 2 shares (Indirect, Child UTMA Account); Common Stock — 4,500 shares (Indirect, Restricted Stock)

Footnotes (3)

1. F1. 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.
2. F2. Award vests in five equal installments beginning on December 24, 2025 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
3. F3. Award vests in five equal installments beginning on December 16, 2026 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.

Key Figures

Direct common stock holdings: 1,336 shares Common stock in Child UTMA Account: 2 shares Underlying option shares and exercise price: 750 shares; $32.34 per share +4 more

7 metrics

Direct common stock holdings 1,336 shares Held directly

Common stock in Child UTMA Account 2 shares Held indirectly

Underlying option shares and exercise price 750 shares; $32.34 per share Expiration December 11, 2028

Underlying option shares and exercise price 750 shares; $36.02 per share Expiration December 11, 2029

Underlying option shares and exercise price 1,000 shares; $26.93 per share Expiration December 11, 2029

Underlying option shares and exercise price 2,500 shares; $25.80 per share Expiration December 14, 2031

Underlying option shares and exercise price 2,500 shares; $33.53 per share Expiration December 13, 2032

Key Terms

Stock Options, Restricted Stock, UTMA Account, vests

4 terms

Stock Options financial

"Stock Options"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

Restricted Stock financial

"Restricted Stock"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

UTMA Account financial

"Child UTMA Account"

vests financial

"Award vests in five equal installments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When do Steven R. Daniels’s NWFL restricted-stock awards vest?

The stated awards vest in five equal installments beginning December 12, 2024, December 24, 2025, and December 16, 2026, respectively, with annual installments thereafter during periods of continued service as an Employee, Outside Director, or Director Emeritus, as applicable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/01/2026 - 08:32 AM Accepted by SEC EDGAR 10/01/2026 - 08:32 AM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Daniels Steven R.

(Last) (First) (Middle)

717 MAIN STREET

(Street)

HONESDALE PENNSYLVANIA 18431

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
10/01/2026

3. Issuer Name and Ticker or Trading Symbol
NORWOOD FINANCIAL CORP [ NWFL ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Lending Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,336.2	D
Common Stock	2	I	Child UTMA Account
Common Stock	900	I	Restricted Stock
Common Stock	900(1)	I	Restricted Stock
Common Stock	1,200(2)	I	Restricted Stock
Common Stock	1,500(3)	I	Restricted Stock

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	12/11/2019	12/11/2028	Common Stock	750	$32.34	D
Stock Options	12/10/2020	12/11/2029	Common Stock	750	$36.02	D
Stock Options	12/08/2021	12/11/2029	Common Stock	1,000	$26.93	D
Stock Options	12/14/2022	12/14/2031	Common Stock	2,500	$25.8	D
Stock Options	12/13/2023	12/13/2032	Common Stock	2,500	$33.53	D

Explanation of Responses:

1. 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.

2. Award vests in five equal installments beginning on December 24, 2025 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.

3. Award vests in five equal installments beginning on December 16, 2026 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.

	/s/ Steven R. Daniels, By Mackenzie Jackson, Power of Attorney	10/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)