Norwood Financial grants director Forte 46 shares
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Norwood Financial Corp director Andrew Forte received 46 common shares on November 10, 2026, as Director Retainer Shares under the 2024 Equity Incentive Plan, reported at $36.05 per share. His direct holdings following the award were 12,472 shares. Forte's reported indirect holdings include 7,624 shares through an IRA and 7,944 through Forte, Inc.
Insider Trade Summary
Grant/Award: 46 shares
Grant/Award
1 txn
Insider
FORTE ANDREW
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 46 | $36.05 | $2K |
| Holding | Common Stock | -- | -- | -- |
| Holding | Common Stock | -- | -- | -- |
| 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 — 12,472 shares (Direct);
Common Stock — 7,624 shares (Indirect, IRA);
Common Stock — 7,944 shares (Indirect, Forte, Inc.);
Common Stock — 2,197 shares (Indirect, Restricted Stock)
Holdings Before and After:
Common Stock, 12,426 to 12,472 shares (Direct)
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
Award shares: 46 shares
Reported per-share value: $36.05 per share
Direct holdings after award: 12,472 shares
+2 more
5 metrics
Award shares
46 shares
Director Retainer Shares awarded November 10, 2026
Reported per-share value
$36.05 per share
Award reported November 10, 2026
Direct holdings after award
12,472 shares
Andrew Forte's reported position following the award
Indirect IRA holdings
7,624 shares
Reported as held through an IRA on November 10, 2026
Indirect holdings through Forte, Inc.
7,944 shares
Reported on November 10, 2026
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, equal installments
4 terms
2024 Equity Incentive Plan financial
"issued under the 2024 Equity Incentive Plan"
Restricted Stock financial
"the holding is identified as 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.
equal installments financial
"Award vests in five equal installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How do Andrew Forte's NWFL restricted-stock awards vest?
The restricted-stock awards are described as vesting in five equal installments beginning December 14, 2022, December 13, 2023, or December 12, 2024, as applicable, and in three equal installments beginning December 15, 2025 or December 15, 2026, as applicable. Each schedule is subject to continued service as an Employee, Outside Director or Director Emeritus, as applicable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
