Norwood Financial (NWFL) director granted 40-share equity award at $34.02
Rhea-AI Filing Summary
PHILLIPS KENNETH A reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Kenneth A. Phillips reported an equity award of common stock. On August 10, 2026, he received 40 shares of common stock as Director Retainer Shares issued under the 2024 Equity Incentive Plan at a reported value of $34.02 per share, bringing his directly held common stock position to 15,933 shares. Additional indirect holdings are reported as restricted stock awards that vest in scheduled installments over future years, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 40 shares
Net Buy
7 txns
Insider
PHILLIPS KENNETH A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 40 | $34.02 | $1K |
| 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 — 15,933 shares (Direct);
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 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
Shares granted: 40 shares of Common Stock
Grant value per share: $34.02 per share
Direct holdings after grant: 15,933 shares
+2 more
5 metrics
Shares granted
40 shares of Common Stock
Director Retainer Shares issued on August 10, 2026 under the 2024 Equity Incentive Plan
Grant value per share
$34.02 per share
Reported price for the 40-share common stock award on August 10, 2026
Direct holdings after grant
15,933 shares
Total directly held NORWOOD FINANCIAL CORP common stock following the 40-share award
Acquisition transactions
1 transaction
One grant, award, or other acquisition of common stock reported in this Form 4
Holding entries
6 entries
Indirect restricted stock holdings with vesting schedules reported as of August 10, 2026
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, vests in five equal installments, +1 more
5 terms
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
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.
vests in five equal installments financial
"Award vests in five equal installments beginning on December 14, 2022"
Director Emeritus financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
FAQ
What did NWFL director Kenneth A. Phillips report on this Form 4?
Kenneth A. Phillips reported receiving a grant of 40 shares of NORWOOD FINANCIAL CORP common stock on August 10, 2026. The shares are Director Retainer Shares issued under the 2024 Equity Incentive Plan at a reported value of $34.02 per share.
What type of transaction is reported for NWFL director Kenneth A. Phillips?
The Form 4 reports an acquisition coded “A,” described as a grant, award, or other acquisition of 40 shares of NORWOOD FINANCIAL CORP common stock, not an open-market purchase or sale, under the company’s 2024 Equity Incentive Plan.
Does this NWFL Form 4 include restricted stock awards for Kenneth A. Phillips?
Yes. The filing lists several indirect holdings labeled as Restricted Stock with footnotes describing vesting in equal annual installments beginning in December 2022, 2023, 2024, 2025, and 2026, contingent on continued service in eligible roles.
Is the NWFL Form 4 transaction under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed, and no footnote states that the 40-share award was made under a pre-arranged Rule 10b5-1 trading plan or similar discretionary selling arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
