Director at Norwood Financial (NWFL) receives new stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FORTE ANDREW reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Andrew Forte reported a stock-based compensation grant of 55 shares of common stock at $30.19 per share. This award increased his direct holdings to 12,227 common shares. The filing also lists additional indirect holdings through restricted stock awards, an IRA, and Forte, Inc. Footnotes state that director retainer shares are issued under the 2024 Equity Incentive Plan and that various awards vest in scheduled installments contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
FORTE ANDREW
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 55 | $30.19 | $2K |
| 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 — 12,227 shares (Direct);
Common Stock — 7,624 shares (Indirect, IRA)
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 on 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
Stock grant size: 55 shares
Grant value per share: $30.19 per share
Direct holdings after grant: 12,227 shares
+3 more
6 metrics
Stock grant size
55 shares
Director stock-based award coded as grant/acquisition
Grant value per share
$30.19 per share
Value used for the 55-share director award
Direct holdings after grant
12,227 shares
Common stock directly held by Andrew Forte after transaction
Forte, Inc. indirect holdings
7,944 shares
Common stock held indirectly through Forte, Inc.
IRA indirect holdings
7,624 shares
Common stock held indirectly through an IRA
Restricted stock entry
825 shares
One of several restricted stock holdings listed as indirect
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, grant, award, or other acquisition, +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.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
vests in five equal installments financial
"Award vests in five equal installments beginning on December 14, 2022"
