Norwood Financial (NWFL) director receives new stock grant
Rhea-AI Filing Summary
Norwood Financial Corp director Kevin M. Lamont received a small stock award as part of board compensation. On March 11, 2026, he acquired 46 shares of common stock as a grant at $29.40 per share, described as Director Retainer Shares issued under the 2024 Equity Incentive Plan.
After this grant, Lamont directly owns 135,870 common shares. The filing also lists additional indirect holdings through a spouse and several restricted stock awards that vest over multi‑year schedules beginning on various December dates from 2022 through 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 46 shares
Net Buy
8 txns
Insider
LAMONT KEVIN M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 46 | $29.40 | $1K |
| 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 — 135,870 shares (Direct);
Common Stock — 463 shares (Indirect, Spouse);
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 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Norwood Financial (NWFL) report for Kevin M. Lamont?
Norwood Financial reported that director Kevin M. Lamont received a grant of 46 shares of common stock on March 11, 2026. The award was issued as Director Retainer Shares under the 2024 Equity Incentive Plan, reflecting routine board compensation rather than an open‑market purchase.
At what price was Kevin M. Lamont’s Norwood Financial stock grant recorded?
The 46-share grant to director Kevin M. Lamont was recorded at $29.40 per share. This represents the grant or fair value per share used for reporting, as part of his Director Retainer Shares under the company’s 2024 Equity Incentive Plan compensation program.
Is Kevin M. Lamont’s Norwood Financial transaction a market buy or a compensation award?
The transaction is a compensation-related award, not an open‑market purchase. The Form 4 labels the code as a grant or other acquisition, and a footnote explains the 46 shares are Director Retainer Shares issued under Norwood Financial’s 2024 Equity Incentive Plan for board service.
What vesting schedules are disclosed for Norwood Financial restricted stock linked to Kevin M. Lamont?
The filing discloses several restricted stock awards vesting in equal installments beginning on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026. Vesting continues annually during qualifying service as an employee, outside director, or director emeritus.