Norwood Financial (NWFL) director receives new stock retainer grant
Rhea-AI Filing Summary
Matergia Ralph A reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Ralph A. Matergia reported an equity award of 45 shares of Common Stock on May 11, 2026. The shares were granted at a price of $30.20 per share as a director retainer under the 2024 Equity Incentive Plan.
After this grant, Matergia directly holds 26,518 common shares. The filing also lists several blocks of indirectly held restricted stock, with awards scheduled to vest in installments beginning on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026 during continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Matergia Ralph A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45 | $30.20 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 26,518 shares (Direct);
Common Stock — 40 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 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: $30.20 per share
Direct holdings after grant: 26,518 shares
+1 more
4 metrics
Equity award size
45 shares
Director retainer shares of Common Stock granted May 11, 2026
Grant price
$30.20 per share
Price per share for the 45-share director award
Direct holdings after grant
26,518 shares
Total Common Stock directly held by Matergia after the transaction
Restricted stock holding entries
6 entries
Indirect restricted stock positions with various vesting schedules
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" 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.
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
vests in five equal installments financial
"Award vests in five equal installments beginning on December 14, 2022..."
vesting financial
"Award vests in three equal installments beginning on December 15, 2026..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Norwood Financial (NWFL) director Ralph Matergia report in this Form 4?
Ralph Matergia reported receiving an award of 45 shares of Norwood Financial common stock. The grant is a director retainer under the 2024 Equity Incentive Plan and reflects compensation rather than an open-market stock purchase or sale.
What are the terms of Ralph Matergia’s new Norwood Financial (NWFL) stock award?
The new award to Ralph Matergia is 45 common shares valued at $30.20 per share. The grant is labeled as Director Retainer Shares issued under the 2024 Equity Incentive Plan, indicating it forms part of his ongoing non-cash director compensation structure.
How do Ralph Matergia’s restricted stock awards in NWFL vest over time?
The filing describes several restricted stock awards vesting in equal installments. Vesting begins on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026, contingent on continued service as an Employee, Outside Director, or Director Emeritus.
Is the Norwood Financial (NWFL) Form 4 transaction an open-market trade?
The reported Form 4 does not show open-market buying or selling. Instead, it records a grant of 45 shares as a director retainer and multiple restricted stock holdings, which are compensation-related entries rather than discretionary trades executed in the market.