NWFL director granted 45 shares in equity award
Gifford Jeffrey S reported acquisition or exercise transactions in this Form 4 filing.
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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 45 shares of Common Stock on April 10, 2026 at a value of $30.39 per share. The filing describes these as Director Retainer Shares issued under the company’s 2024 Equity Incentive Plan.
After the grant, Gifford directly owns 26,637 Common shares. He also reports several indirect holdings through a spouse, IRAs, custodial accounts for family members, and multiple restricted stock awards that vest over time, reflecting a meaningful long-term equity alignment with NORWOOD FINANCIAL CORP.
Insider Trade Summary
Grant/Award: 45 shares
Grant/Award
12 txns
Insider
Gifford Jeffrey S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45 | $30.39 | $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 — 26,637 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 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.
Key Figures
Director grant size: 45 shares
Grant price: $30.39 per share
Direct holdings after grant: 26,637 shares
+5 more
8 metrics
Director grant size
45 shares
Director Retainer Shares granted on April 10, 2026
Grant price
$30.39 per share
Value of Common Stock for director grant
Direct holdings after grant
26,637 shares
Common Stock directly owned by Jeffrey S. Gifford
Spouse holdings
76,082 shares
Common Stock held indirectly via spouse
IRA holdings
35,746 shares
Common Stock held indirectly in IRA
Spouse IRA holdings
6,920 shares
Common Stock held indirectly in spouse IRA
Custodial account Abigail
2,487 shares
Common Stock held by custodian for Abigail Lockwood
Custodial account Ryan
2,487 shares
Common Stock held by custodian for Ryan Lockwood
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""
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"
Director Emeritus financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NWFL director Jeffrey S. Gifford report in this Form 4 filing?
Director Jeffrey S. Gifford reported receiving a grant of 45 shares of NORWOOD FINANCIAL CORP Common Stock. The shares are Director Retainer Shares under the 2024 Equity Incentive Plan, reflecting routine equity-based compensation rather than an open-market purchase or sale.
Is this NWFL Form 4 an open-market buy or a compensation award?
This Form 4 reflects a grant/award acquisition, not an open-market trade. The 45 shares are Director Retainer Shares issued as equity compensation under the 2024 Equity Incentive Plan, making the event a routine part of director pay rather than a discretionary stock purchase.
How do the NWFL restricted stock awards for Jeffrey S. Gifford vest over time?
Footnotes state several restricted stock awards vest in equal installments over three or five years, beginning on specific December dates from 2022 through 2026. Vesting requires continued service as an Employee, Outside Director, or Director Emeritus, aligning compensation with ongoing tenure.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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