Norwood Financial (NWFL) director receives multiple stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Norwood Financial Corp director Andrew Forte reported periodic stock awards under the company’s 2024 Equity Incentive Plan. On four dates between April 10, 2025 and February 11, 2026, he acquired 123, 117, 116, 105 and 53 common shares as director retainer shares at prices from $24.33 to $31.62 per share.
After the latest award on February 11, 2026, Forte directly owned 12,005 common shares. The filing also lists additional indirect holdings through an IRA, Forte Inc., and several restricted stock awards that vest over multi‑year periods, conditioned on continued service as an employee or director.
Positive
- None.
Negative
- None.
Insider Trade Summary
13 transactions reported
Mixed
13 txns
Insider
FORTE ANDREW
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 53 | $31.62 | $2K |
| Grant/Award | Common Stock | 105 | $28.42 | $3K |
| Grant/Award | Common Stock | 116 | $25.84 | $3K |
| Grant/Award | Common Stock | 117 | $25.60 | $3K |
| Grant/Award | Common Stock | 123 | $24.33 | $3K |
| holding | Common Stock | -- | -- | -- |
| 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 — 12,005 shares (Direct);
Common Stock — 7,354 shares (Indirect, IRA)
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.
FAQ
What did Norwood Financial (NWFL) director Andrew Forte report on this Form 4?
Andrew Forte reported several small acquisitions of Norwood Financial common stock as director retainer share awards. These grants were issued under the 2024 Equity Incentive Plan and increased his direct ownership while reflecting routine equity-based compensation for board service.
Were Andrew Forte’s Norwood Financial (NWFL) transactions open-market buys or equity awards?
The reported transactions are equity awards, not open-market purchases. Each transaction is coded as an acquisition related to grants under the 2024 Equity Incentive Plan, described as Director Retainer Shares, aligning his compensation with Norwood Financial’s stock performance over time.
What is the vesting schedule for Andrew Forte’s Norwood Financial (NWFL) restricted stock awards?
Restricted stock awards vest in equal installments over three or five years. Different grants begin vesting on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026, and require continued service in specified Norwood Financial roles to keep vesting.