Norwood Financial (NASDAQ: NWFL) awards 43 director retainer shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hungerford Meg L reported acquisition or exercise transactions in this Form 4 filing.
Norwood Financial Corp director Meg L. Hungerford reported a grant of 43 shares of common stock on July 10, 2026 at $31.88 per share, described as Director Retainer Shares under the 2024 Equity Incentive Plan. After the award she holds 6,331 shares directly, plus several indirect restricted and custodial holdings reported separately. Footnotes state that related equity awards vest in equal annual installments beginning on various December dates from 2022 through 2026, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Hungerford Meg L
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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 6,331 shares (Direct);
Common Stock — 990 shares (Indirect, Custodian for Children)
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 grant shares: 43 shares
Grant price per share: $31.88 per share
Direct shares after grant: 6,331 shares
+2 more
5 metrics
Director grant shares
43 shares
Grant, award, or other acquisition of common stock on July 10, 2026
Grant price per share
$31.88 per share
Transaction price for Director Retainer Shares awarded to Meg L. Hungerford
Direct shares after grant
6,331 shares
Total common stock directly owned following the July 10, 2026 award
Restricted stock holding
825 shares
One line of indirect ownership reported as Restricted Stock
Custodian for children holding
990 shares
Indirect common stock held as Custodian for Children
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, Custodian for Children, +1 more
5 terms
2024 Equity Incentive Plan financial
"issued under the 2024 Equity Incentive Plan."
Restricted Stock financial
"nature_of_ownership is reported as Restricted Stock for several 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.
Custodian for Children financial
"nature_of_ownership includes Custodian for Children for certain indirect shares."
Outside Director financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus."
FAQ
What did Meg L. Hungerford report in her Form 4 for NWFL?
She reported receiving a grant of 43 shares of Norwood Financial common stock on July 10, 2026 at $31.88 per share. The filing identifies these as Director Retainer Shares issued under the 2024 Equity Incentive Plan, rather than an open-market purchase or sale.
Are there any buy or sell transactions reported in this NWFL Form 4?
No open-market buys or sells are shown. The only transaction with a code is an "A" transaction, meaning a grant, award, or other acquisition. Other entries are labeled as holdings, with unknown transaction codes, and simply report indirect restricted and custodial positions.
What indirect holdings are disclosed for Meg L. Hungerford in Norwood Financial (NWFL)?
The Form 4 lists several indirect positions, including restricted stock entries such as 825 shares and smaller blocks, plus 990 shares held as “Custodian for Children.” These are reported as indirect ownership and are separate from her 6,331 directly held shares.