NORWOOD FINANCIAL (NWFL) director gets 45-share equity award and updates holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nolan Alexandra K reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Alexandra K. Nolan reported a small equity award. She received a grant of 45 shares of common stock at $30.20 per share as director retainer shares under the 2024 Equity Incentive Plan, bringing her directly held common stock to 2,806 shares. The filing also lists indirect holdings of restricted stock and trust-owned shares, including 65,306 shares held by the Alexandra K. Nolan Trust and 217,077 shares held by the Michael C. Nolan Trust. Footnotes state that multiple restricted stock awards vest in equal annual installments beginning on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Nolan Alexandra K
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45 | $30.20 | $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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,806 shares (Direct, null);
Common Stock — 217,077 shares (Indirect, Michael C. Nolan Trust)
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
Director award shares: 45 shares
Grant price: $30.20 per share
Direct shares after award: 2,806 shares
+5 more
8 metrics
Director award shares
45 shares
Grant, award, or other acquisition of common stock
Grant price
$30.20 per share
Director retainer shares under 2024 Equity Incentive Plan
Direct shares after award
2,806 shares
Total common stock directly held following the transaction
Alexandra K. Nolan Trust holding
65,306 shares
Common stock held indirectly via Alexandra K. Nolan Trust
Michael C. Nolan Trust holding
217,077 shares
Common stock held indirectly via Michael C. Nolan Trust
Indirect restricted stock block
825 shares
Restricted stock listed as indirectly owned
Another restricted stock block
550 shares
Restricted stock position with indirect ownership coding
Smaller restricted stock lot
420 shares
Restricted stock holding reported as indirect ownership
Key Terms
Restricted Stock, Director Retainer Shares, Equity Incentive Plan, Trust, +1 more
5 terms
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.
Equity Incentive Plan financial
"issued under the 2024 Equity Incentive Plan."
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Trust financial
"nature_of_ownership": "Alexandra K. Nolan Trust""
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did NORWOOD FINANCIAL CORP director Alexandra K. Nolan report on this Form 4 for NWFL?
Alexandra K. Nolan reported receiving a small stock grant as part of director compensation. The filing shows a 45-share award of NORWOOD FINANCIAL CORP common stock and updates her direct and indirect holdings, including restricted stock and shares held in family trusts.
What indirect NORWOOD FINANCIAL CORP holdings are reported for Alexandra K. Nolan on this Form 4?
The filing lists several indirect positions, including restricted stock blocks and trust accounts. Notably, it shows 65,306 common shares held by the “Alexandra K. Nolan Trust” and 217,077 common shares held by the “Michael C. Nolan Trust,” alongside smaller restricted stock holdings with indirect ownership coding.
How do the restricted stock awards for Alexandra K. Nolan vest at NORWOOD FINANCIAL CORP?
Footnotes explain that multiple awards vest in equal installments over time. Some vest in five equal installments starting on December 14, 2022, December 13, 2023, and December 12, 2024, while others vest in three equal installments beginning December 15, 2025 and December 15, 2026, subject to continued service.
Is Alexandra K. Nolan’s Form 4 for NWFL an open-market buy or a compensation grant?
The principal transaction is a compensation grant, not an open-market trade. It is coded with transaction code “A” and described as a grant, award, or other acquisition, representing director retainer shares under the 2024 Equity Incentive Plan rather than a discretionary market purchase or sale.