Norwood Financial director granted 39 shares
Director Ralph A. Matergia received 39 director retainer shares of NWFL common stock as part of the 2024 Equity Incentive Plan.
Rhea-AI Filing Summary
NORWOOD FINANCIAL CORP (symbol: NWFL) is the issuer of record for a Form 4 filing submitted to the SEC. Matergia Ralph A reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP (NWFL) reported that director Ralph A. Matergia received a grant of 39 shares of Common Stock on September 10, 2026 as a compensation award. The shares were issued as Director Retainer Shares under the 2024 Equity Incentive Plan at a reported value of $34.47 per share, bringing his directly held total to 26,685 shares after the award.
He also holds restricted stock awards indirectly that vest in installments beginning in December 2022, December 2023, December 2024, December 2025 and December 2026, subject to continued service as an employee, outside director or director emeritus. No Rule 10b5‑1 trading plan is reported for this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 39 shares
Grant/Award
7 txns
Insider
Matergia Ralph A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 39 | $34.47 | $1K |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F5 | -- | -- | -- |
| holding | Common Stock F6 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,685 shares (Direct);
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
Shares granted: 39 shares of Common Stock
Per-share value of grant: $34.47 per share
Direct holdings after grant: 26,685 shares
+2 more
5 metrics
Shares granted
39 shares of Common Stock
Director retainer grant on September 10, 2026
Per-share value of grant
$34.47 per share
Director retainer shares issued on September 10, 2026
Direct holdings after grant
26,685 shares
Common Stock directly held by Ralph A. Matergia after the award
Number of reported restricted stock award schedules
5 vesting schedules
Awards vesting in installments beginning in 2022, 2023, 2024, 2025 and 2026
Rule 10b5-1 plan status
No Rule 10b5-1 plan reported
Applies to the September 10, 2026 Form 4 filing
Key Terms
2024 Equity Incentive Plan, Director Retainer Shares, Restricted Stock, Outside Director, +1 more
5 terms
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
Restricted Stock financial
"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."
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.
Outside Director financial
"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."
Director Emeritus financial
"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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NWFL director Ralph A. Matergia report?
He reported a grant of 39 shares of Common Stock on September 10, 2026. The shares were issued as a director retainer award under Norwood Financial Corp’s 2024 Equity Incentive Plan and are treated as an acquisition of stock-based compensation.
Does this NWFL Form 4 indicate trades under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5‑1 trading plan is reported for the September 10, 2026 award. The reported activity is a stock grant, not an open-market trade executed under a preset trading plan.
What are the vesting terms for the NWFL restricted stock mentioned in the filing?
The filing describes restricted stock awards that vest in installments beginning on December 14, 2022; December 13, 2023; December 12, 2024; December 15, 2025; and December 15, 2026, subject to continued service as an employee, outside director or director emeritus.
AI-generated analysis. How Rhea-AI works. Not financial advice.
