Norwood Financial (NWFL) director receives stock award grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Gifford Jeffrey S reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Jeffrey S. Gifford received a grant of 43.0000 shares of common stock at $31.8800 per share on July 10, 2026 as Director Retainer Shares under the 2024 Equity Incentive Plan, bringing his direct holdings to 26,770.0000 shares.
He also reports indirect ownership, including 76,082.0000 shares held by his spouse, 35,746.0000 in an IRA, 6,920.0000 in a spouse IRA, multiple restricted stock positions, and custodial holdings of 2,487.0000 shares for each of two individuals. Footnotes state restricted awards vest in equal installments beginning in December 2022, 2023, 2024, 2025 and 2026, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Gifford Jeffrey S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 43 | $31.88 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| 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 — 26,770 shares (Direct);
Common Stock — 76,082 shares (Indirect, Spouse)
Footnotes (1)
- Director Retainer Shares issued under the 2024 Equity Incentive Plan. 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. 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. 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. 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. 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 grant shares: 43.0000 shares
Grant price per share: $31.8800 per share
Direct holdings after grant: 26,770.0000 shares
+4 more
7 metrics
Director grant shares
43.0000 shares
Grant of common stock on July 10, 2026 (code A)
Grant price per share
$31.8800 per share
Price used for the 43.0000-share director grant
Direct holdings after grant
26,770.0000 shares
Total direct common stock ownership following July 10, 2026 grant
Spouse holdings
76,082.0000 shares
Indirect ownership reported as held by spouse
IRA holdings
35,746.0000 shares
Indirect ownership reported in an IRA
Spouse IRA holdings
6,920.0000 shares
Indirect ownership reported in a spouse IRA
Custodial holdings per account
2,487.0000 shares
Indirect ownership reported by custodian for each of two individuals
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, Spouse IRA
4 terms
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
Restricted Stock financial
"nature_of_ownership: 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.
Spouse IRA financial
"nature_of_ownership: Spouse IRA"
FAQ
What insider transaction did Norwood Financial (NWFL) report for Jeffrey S. Gifford?
Jeffrey S. Gifford received a grant of 43.0000 shares of Norwood Financial common stock at $31.8800 per share on July 10, 2026. The award is classified as a grant or other acquisition under code A and represents director compensation rather than an open-market trade.
How do restricted stock awards for Norwood Financial (NWFL) vest for Jeffrey S. Gifford?
Footnotes state that restricted stock awards vest in equal installments beginning on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025 and December 15, 2026, with vesting each year conditioned on continued service in an eligible role.
Is the Form 4 for Norwood Financial (NWFL) a buy or sell signal from Jeffrey S. Gifford?
The filing reports an acquisition via grant (code A) of 43.0000 shares, not an open-market buy or sale. Most other entries are holding records showing direct and indirect positions, so no discretionary market purchases or sales are disclosed in this report.