Norwood Financial director buys 270 NWFL shares
NORWOOD FINANCIAL CORP director Andrew Forte increased his stake through a mix of open-market buying and equity awards.
Rhea-AI Filing Summary
NORWOOD FINANCIAL CORP director Andrew Forte increased his stake through a mix of open-market buying and equity awards. On May 12, 2026, he purchased 270 shares of common stock in an IRA at $29.58 per share in an open-market transaction. On May 11, 2026, he also acquired 55 "Director Retainer Shares" under the 2024 Equity Incentive Plan at a grant value of $30.20 per share. Following these moves, Forte directly holds 12,172 common shares, with 7,624 additional shares held indirectly in an IRA and further indirect holdings in restricted stock and Forte, Inc., with those awards vesting over several years subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 270 shares
Net Buy
9 txns
Insider
FORTE ANDREW
Role
Director
Bought
270 shs ($8K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 270 | $29.58 | $8K |
| Grant/Award | Common Stock | 55 | $30.20 | $2K |
| 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 — 12,172 shares (Direct);
Common Stock — 7,624 shares (Indirect, IRA);
Common Stock — 7,944 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 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
Open-market purchase: 270 shares at $29.58
Director retainer award: 55 shares at $30.20
Direct holdings after award: 12,172 shares
+2 more
5 metrics
Open-market purchase
270 shares at $29.58
Common Stock bought on May 12, 2026 in IRA
Director retainer award
55 shares at $30.20
Director Retainer Shares granted May 11, 2026
Direct holdings after award
12,172 shares
Common Stock directly owned after May 11, 2026 award
IRA holdings after purchase
7,624 shares
Common Stock held indirectly in IRA after May 12, 2026
Net buy-sell shares
270 shares net-buy
Net effect of reported buy/sell activity in this Form 4
Key Terms
open-market purchase, Director Retainer Shares, Restricted Stock, 2024 Equity Incentive Plan, +1 more
5 terms
open-market purchase financial
"transaction_action: "open-market purchase" for 270 Common Stock shares"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Restricted Stock financial
"nature_of_ownership: "Restricted Stock" for several indirect holdings entries"
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.
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
IRA financial
"nature_of_ownership: "IRA" for the 270-share open-market purchase"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Andrew Forte report for NORWOOD FINANCIAL CORP (NWFL)?
Andrew Forte reported one open-market purchase and one equity award. He bought 270 NWFL common shares on May 12, 2026, and received 55 Director Retainer Shares on May 11, 2026, as part of the company’s 2024 Equity Incentive Plan.
What equity award did Andrew Forte receive from NORWOOD FINANCIAL CORP (NWFL)?
Andrew Forte received 55 Director Retainer Shares valued at $30.20 per share on May 11, 2026. The award was granted under the 2024 Equity Incentive Plan and is structured to vest in installments over multiple years, contingent on continued service.
How are Andrew Forte’s restricted stock awards in NWFL scheduled to vest?
Forte’s restricted stock awards vest in equal installments starting on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026. Vesting each year depends on his continued service as an employee or director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
