Norwood Financial (NWFL) grants director equity retainer share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Schmalzle Ronald R reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Ronald R. Schmalzle reported an equity award of 43 shares of common stock on July 10, 2026, classified as a grant/award at $31.88 per share and issued as Director Retainer Shares under the 2024 Equity Incentive Plan. Following this award, he holds 8,878 shares directly. Additional indirect holdings are reported as 825 and 550 restricted shares and 27,768 shares held through an IRA. Footnotes state that director retainer awards vest in three equal installments beginning on December 15, 2025 and, for a separate award, on December 15, 2026, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Schmalzle Ronald R
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 43 | $31.88 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,878 shares (Direct);
Common Stock — 27,768 shares (Indirect, IRA)
Footnotes (1)
- Director Retainer Shares issued under the 2024 Equity Incentive Plan. 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: 43 shares
Grant price: $31.88 per share
Direct holdings after award: 8,878 shares
+3 more
6 metrics
Director grant
43 shares
Common stock grant to Ronald R. Schmalzle on 2026-07-10
Grant price
$31.88 per share
Price for the 43-share common stock award
Direct holdings after award
8,878 shares
Total direct common stock held by Schmalzle after the grant
Indirect restricted stock holding 1
825 shares
Indirect common stock reported as Restricted Stock
Indirect restricted stock holding 2
550 shares
Additional indirect common stock reported as Restricted Stock
Indirect IRA holding
27,768 shares
Indirect common stock held through an IRA
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, IRA, +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.
IRA financial
"nature_of_ownership": "IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
Outside Director or Director Emeritus financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
FAQ
What insider transaction did Norwood Financial (NWFL) report for Ronald R. Schmalzle?
Norwood Financial reported that director Ronald R. Schmalzle received a grant of 43 common shares on July 10, 2026. The award is classified as a grant/award acquisition, not an open-market trade, and is designated as Director Retainer Shares under the 2024 Equity Incentive Plan.
What are Ronald R. Schmalzle’s direct Norwood Financial (NWFL) holdings after this Form 4?
After the July 10, 2026 grant, Ronald R. Schmalzle directly holds 8,878 shares of Norwood Financial common stock. This figure reflects his direct ownership position following the 43-share director retainer award reported in the filing.
What indirect Norwood Financial (NWFL) holdings does Schmalzle report?
Schmalzle reports indirect holdings of 825 and 550 shares classified as restricted stock, plus 27,768 shares held through an IRA. These positions are reported as indirect ownership and reflect additional exposure to Norwood Financial beyond his direct shareholdings.
Does this Norwood Financial (NWFL) Form 4 show any open-market buys or sells?
No open-market purchases or sales are reported. The only transaction classified with a code is a 43-share grant/award acquisition; the other entries are holdings with unknown transaction codes that simply state post-transaction share balances for indirect accounts.