Director at Norwood Financial (NASDAQ: NWFL) receives 45-share equity grant
Rhea-AI Filing Summary
LAMONT KEVIN M reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Kevin M. Lamont reported an equity award of 45 shares of common stock at $30.19 per share. The award is described as Director Retainer Shares issued under the 2024 Equity Incentive Plan and is compensation-related rather than an open-market purchase.
After this grant, Lamont directly holds 136,005 common shares. The filing also lists several indirect holdings categorized as restricted stock and shares held by a spouse as of June 10, 2026, giving a fuller picture of his total reported ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 45 shares
Net Buy
8 txns
Insider
LAMONT KEVIN M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45 | $30.19 | $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 — 136,005 shares (Direct);
Common Stock — 463 shares (Indirect, Spouse);
Common Stock — 2,197 shares (Indirect, Restricted Stock)
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 on 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
Equity award size: 45 shares
Grant price: $30.19 per share
Direct holdings after grant: 136,005 shares
+2 more
5 metrics
Equity award size
45 shares
Director Retainer Shares grant on June 10, 2026
Grant price
$30.19 per share
Common Stock director award
Direct holdings after grant
136,005 shares
Common Stock held directly following transaction
Indirect restricted stock holding
825 shares
Common Stock reported as restricted stock, indirect
Spouse-held shares
463 shares
Common Stock reported as held by spouse, indirect
Key Terms
Restricted Stock, Director Retainer Shares, 2024 Equity Incentive Plan, vests in five equal installments, +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.
2024 Equity Incentive Plan financial
"issued under the 2024 Equity Incentive Plan."
vests in five equal installments financial
"Award vests in five equal installments beginning on December 14, 2022"
vests in three equal installments financial
"Award vests in three equal installments beginning on December 15 , 2025"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did NWFL director Kevin M. Lamont report in this Form 4?
Kevin M. Lamont reported receiving an equity award of 45 shares of NORWOOD FINANCIAL CORP common stock at $30.19 per share. The award is classified as Director Retainer Shares under the 2024 Equity Incentive Plan, reflecting routine director compensation rather than an open-market trade.
Was the NWFL Form 4 transaction a market purchase or sale?
The Form 4 shows a grant of 45 common shares as Director Retainer Shares at $30.19, coded as an acquisition (A). This reflects a compensation award under the 2024 Equity Incentive Plan, not an open-market purchase or sale initiated through normal trading on an exchange.
How do the restricted stock holdings in NWFL’s Form 4 vest over time?
Footnotes state that several restricted stock awards vest in equal installments beginning on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026. Vesting continues annually, subject to ongoing service as an employee or director.