Norwood Financial director granted 45 shares
NORWOOD FINANCIAL CORP director Jeffrey S. Gifford reported a stock award of 45 shares of Common Stock, described as a grant, award, or other acquisition, at a price of $30.19 per share.
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Form Type
4
Rhea-AI Filing Summary
NORWOOD FINANCIAL CORP director Jeffrey S. Gifford reported a stock award of 45 shares of Common Stock, described as a grant, award, or other acquisition, at a price of $30.19 per share. This award is identified as Director Retainer Shares issued under the 2024 Equity Incentive Plan. Following the award, he holds 26,727 shares directly, with additional indirect holdings through a spouse, IRAs, restricted stock, and custodial accounts.
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 | $30.19 | $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 — 26,727 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 — 2,197 shares (Indirect, Restricted Stock);
Common Stock — 6,920 shares (Indirect, Spouse IRA)
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
Stock grant size: 45 shares
Grant price per share: $30.19 per share
Direct holdings after grant: 26,727 shares
+3 more
6 metrics
Stock grant size
45 shares
Non-derivative grant, code A, Common Stock
Grant price per share
$30.19 per share
Price for 45-share award of Common Stock
Direct holdings after grant
26,727 shares
Total Common Stock held directly after transaction
Spouse holdings
76,082 shares
Indirect ownership labeled Spouse
IRA holdings
35,746 shares
Indirect ownership labeled IRA
Spouse IRA holdings
6,920 shares
Indirect ownership labeled Spouse IRA
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, IRA, +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" in multiple 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.
IRA financial
"nature_of_ownership: "IRA" and "Spouse IRA" for indirect holdings."
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.
Outside Director financial
"Award vests ... 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 Jeffrey S. Gifford report in his latest NWFL Form 4 filing?
Jeffrey S. Gifford reported receiving 45 shares of NORWOOD FINANCIAL CORP Common Stock as a grant at $30.19 per share. After this award, he holds 26,727 shares directly, plus multiple indirect holdings through spouse, IRAs, restricted stock, and custodial accounts.
What type of transaction is reported for NWFL in this Form 4?
The filing reports a grant, award, or other acquisition of 45 shares of Common Stock, coded as transaction type A. It is described as Director Retainer Shares issued under the 2024 Equity Incentive Plan, indicating compensation-related equity rather than an open-market purchase or sale.
How do the director stock awards for NWFL vest according to this Form 4?
Footnotes state that awards under the equity plan vest in equal installments beginning on specific December dates, such as December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026, contingent on continued service as an Employee or Outside Director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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