Norwood Financial (NWFL) director receives 40-share retainer equity grant
Rhea-AI Filing Summary
NORWOOD FINANCIAL CORP director Kevin M. Lamont reported a grant of 40 shares of Common Stock on August 10, 2026, classified as a grant, award, or other acquisition at $34.02 per share. These are Director Retainer Shares issued under the 2024 Equity Incentive Plan, bringing his directly held stake to 136,088 shares of common stock. He also reports indirect ownership of 463 shares through his spouse and several restricted stock awards that vest in scheduled installments beginning on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 40 shares
Net Buy
8 txns
Insider
LAMONT KEVIN M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 40 | $34.02 | $1K |
| 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 — 136,088 shares (Direct);
Common Stock — 463 shares (Indirect, Spouse);
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
Shares granted: 40 shares
Grant price: $34.02 per share
Direct holdings after grant: 136,088 shares
+5 more
8 metrics
Shares granted
40 shares
Director Retainer Shares granted on August 10, 2026
Grant price
$34.02 per share
Value reported for the 40-share director grant
Direct holdings after grant
136,088 shares
Common stock directly owned by Kevin M. Lamont after the transaction
Indirect spouse holdings
463 shares
Common stock indirectly owned through spouse
Vesting start date F2 award
December 14, 2022
Restricted stock award begins vesting in five equal installments
Vesting start date F3 award
December 13, 2023
Restricted stock award begins vesting in five equal installments
Vesting start date F4 award
December 12, 2024
Restricted stock award begins vesting in five equal installments
Vesting start date F6 award
December 15, 2026
Restricted stock award begins vesting in three equal installments
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, vests in five equal installments, +1 more
5 terms
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
Restricted Stock financial
"nature_of_ownership "Restricted Stock" with multi-year vesting schedules."
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.
vests in five equal installments financial
"Award vests in five equal installments beginning on December 14, 2022 and annually thereafter"
vests in three equal installments financial
"Award vests in three equal installments beginning December 15, 2025 and annually thereafter"
FAQ
What insider transaction did NWFL director Kevin M. Lamont report?
Kevin M. Lamont reported a grant of 40 shares of Norwood Financial common stock on August 10, 2026. The shares are classified as a grant or award and were issued as Director Retainer Shares under the company’s 2024 Equity Incentive Plan.
How do Kevin M. Lamont’s restricted NWFL stock awards vest?
The restricted stock awards vest in installments beginning on December 14, 2022; December 13, 2023; December 12, 2024; December 15, 2025; and December 15, 2026. Vesting continues annually, conditioned on ongoing service as an employee, outside director, or director emeritus.
AI-generated analysis. How Rhea-AI works. Not financial advice.