Norwood Financial grants director 39 retainer shares
Director Jeffrey S. Gifford received a small equity retainer award in NWFL and reported updated direct, indirect, and restricted stock holdings.
Rhea-AI Filing Summary
NORWOOD FINANCIAL CORP (symbol: NWFL) is the issuer of record for a Form 4 filing submitted to the SEC. Gifford Jeffrey S reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP (NWFL) reported that director Jeffrey S. Gifford received a grant of 39 shares of common stock on September 10, 2026 as director retainer shares under the 2024 Equity Incentive Plan at $34.47 per share. Following this grant, he holds 26,849 common shares directly, plus additional indirect holdings through his spouse, individual retirement accounts, custodial accounts for family members, and multiple restricted stock awards that vest annually over three- or five-year schedules. No Rule 10b5-1 trading plan is reported for these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 39 shares
Grant/Award
12 txns
Insider
Gifford Jeffrey S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 39 | $34.47 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,849 shares (Direct);
Common Stock — 76,082 shares (Indirect, Spouse);
Common Stock — 2,487 shares (Indirect, By Custodian Abigail Lockwood);
Common Stock — 2,487 shares (Indirect, By Custodian Ryan Lockwood);
Common Stock — 35,746 shares (Indirect, IRA);
Common Stock — 6,920 shares (Indirect, Spouse IRA);
Common Stock — 2,197 shares (Indirect, Restricted Stock)
Footnotes (6)
- F1. Director Retainer Shares issued under the 2024 Equity Incentive Plan.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. Award vests in three equal installments beginning December 15, 2025 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.
- F6. 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.
Key Figures
Director retainer shares granted: 39 shares
Grant value per share: $34.47 per share
Direct holdings after grant: 26,849 shares
+4 more
7 metrics
Director retainer shares granted
39 shares
Common stock grant to Jeffrey S. Gifford on September 10, 2026
Grant value per share
$34.47 per share
Value used for the 39-share director retainer grant
Direct holdings after grant
26,849 shares
Common shares directly held by Jeffrey S. Gifford after September 10, 2026 grant
Spouse indirect holdings
76,082 shares
Common shares held indirectly through spouse
Custodial account holdings per child
2,487 shares
Common shares held indirectly for each of Abigail and Ryan Lockwood
Individual retirement account holdings
35,746 shares
Common shares held indirectly through an individual retirement account
Spouse individual retirement account holdings
6,920 shares
Common shares held indirectly through spouse’s individual retirement account
Key Terms
Equity Incentive Plan, Director Retainer Shares, Restricted Stock
3 terms
Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Restricted Stock financial
"Nature of ownership is reported as Restricted Stock with time-based vesting."
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NWFL director Jeffrey S. Gifford report?
Jeffrey S. Gifford reported receiving a grant of 39 shares of NORWOOD FINANCIAL CORP common stock on September 10, 2026 as director retainer shares issued under the 2024 Equity Incentive Plan at a value of $34.47 per share.
Are the reported NWFL transactions by Jeffrey S. Gifford under a Rule 10b5-1 plan?
No. The Form 4 indicates that the transactions and holdings reported for Jeffrey S. Gifford were not made under a Rule 10b5-1 trading plan, as the related affirmation box is not selected.
How do Jeffrey S. Gifford’s restricted stock awards in NWFL vest?
Restricted stock awards reported for Jeffrey S. Gifford vest in equal annual installments. Some awards vest over five years beginning on December 14, 2022, December 13, 2023, and December 12, 2024, while others vest over three years beginning December 15, 2025 and December 15, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
