Norwood Financial director granted 57 shares
FORTE ANDREW reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
FORTE ANDREW reported acquisition or exercise transactions in this Form 4 filing.
Norwood Financial Corp director Andrew Forte reported a stock award of 57 shares of Common Stock at $29.40 per share. The shares were issued as Director Retainer Shares under the 2024 Equity Incentive Plan. Following the grant, Forte holds 12,062 shares directly, alongside additional indirect holdings in an IRA, Forte, Inc., and multiple restricted stock awards that vest in scheduled annual installments beginning on various December dates from 2022 through 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 57 shares
Grant/Award
9 txns
Insider
FORTE ANDREW
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 57 | $29.40 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,062 shares (Direct);
Common Stock — 7,020 shares (Indirect, IRA);
Common Stock — 7,354 shares (Indirect, Forte, Inc.);
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 on 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Andrew Forte report at Norwood Financial (NWFL)?
Andrew Forte reported receiving 57 shares of Norwood Financial Common Stock as a grant. The award was issued as Director Retainer Shares under the 2024 Equity Incentive Plan at $29.40 per share, reflecting routine equity-based compensation for board service.
What plan governs Andrew Forte’s new Norwood Financial (NWFL) stock award?
The new 57-share award to Andrew Forte was issued under Norwood Financial’s 2024 Equity Incentive Plan. The footnotes describe these as Director Retainer Shares, indicating they are part of the company’s structured equity compensation program for outside directors and related roles.
How do Andrew Forte’s restricted Norwood Financial (NWFL) stock awards vest?
Forte’s restricted stock awards vest in equal installments over several years. Footnotes state five-installment schedules starting in December 2022, 2023, and 2024, and three-installment schedules starting in December 2025 and 2026, conditioned on continued service as an employee, outside director, or director emeritus.
What indirect holdings in Norwood Financial (NWFL) does Andrew Forte report?
Forte reports indirect ownership through an IRA and Forte, Inc., as well as several restricted stock positions. The filing lists separate indirect holdings such as 7,020 shares in an IRA, 7,354 shares via Forte, Inc., and multiple blocks of restricted stock with differing vesting schedules and share amounts.
AI-generated analysis. How Rhea-AI works. Not financial advice.
