Norwood Financial (NWFL) awards new share grant to director Phillips
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PHILLIPS KENNETH A reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Kenneth A. Phillips received a grant of 43 shares of Common Stock on July 10, 2026 at $31.8800 per share, issued as Director Retainer Shares under the 2024 Equity Incentive Plan. Following the award, he holds 15,893 shares directly, plus multiple indirect restricted stock positions that vest in scheduled installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
PHILLIPS KENNETH A
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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,893 shares (Direct);
Common Stock — 40 shares (Indirect, Restricted Stock)
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
Common Stock award: 43.0000 shares
Award price: $31.8800 per share
Direct holdings after grant: 15893.0000 shares
+3 more
6 metrics
Common Stock award
43.0000 shares
Grant on 2026-07-10 to director Kenneth A. Phillips
Award price
$31.8800 per share
Price used for the 43-share Common Stock grant
Direct holdings after grant
15893.0000 shares
Total direct Common Stock held by Phillips after the award
Restricted Stock award balance
825.0000 shares
One indirect Restricted Stock position reported as of 2026-07-10
Restricted Stock award balance
550.0000 shares
Another indirect Restricted Stock position reported as of 2026-07-10
Restricted Stock award balance
420.0000 shares
Additional indirect Restricted Stock position reported as of 2026-07-10
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, vests in five equal installments
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 for multiple indirect holdings."
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 and annually thereafter."
FAQ
What stock award did Norwood Financial (NWFL) director Kenneth A. Phillips receive?
Kenneth A. Phillips received a grant of 43 shares of Norwood Financial Common Stock on July 10, 2026 at $31.8800 per share. These are described as Director Retainer Shares issued under the company’s 2024 Equity Incentive Plan for board service compensation.
What is the nature of Kenneth A. Phillips’ indirect NWFL holdings?
Phillips’ indirect holdings consist of Restricted Stock awards in Norwood Financial. The filing lists multiple award balances, including positions of 825, 550 and 420 shares, each tracked separately, reflecting equity-based compensation rather than open-market purchases.
When do Kenneth A. Phillips’ NWFL restricted stock awards vest?
Footnotes state that awards vest in equal installments beginning on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025 and December 15, 2026, with remaining installments vesting annually thereafter during continued qualifying service.
Is the Norwood Financial (NWFL) Form 4 a market purchase or sale?
The key transaction is a grant/award acquisition coded “A”, representing Director Retainer Shares, not an open-market purchase or sale. The filing also includes several holding entries for Restricted Stock, with no reported open-market buys or sells.