Norwood Financial Corp (NWFL) director receives 52-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FORTE ANDREW reported acquisition or exercise transactions in this Form 4 filing.
Director Andrew Forte of Norwood Financial Corp reported receiving a grant of 52 shares of Common Stock on July 10, 2026 at $31.8800 per share as Director Retainer Shares under the 2024 Equity Incentive Plan.
After the award, he directly holds 12,279 shares and also reports several indirect positions, including restricted stock and shares held through Forte, Inc. and an IRA, with individual account balances ranging from 40 to 7,944 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
FORTE ANDREW
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 52 | $31.88 | $2K |
| 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 — 12,279 shares (Direct);
Common Stock — 7,624 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 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 share award: 52 shares of Common Stock
Award price per share: $31.8800 per share
Direct holdings after transaction: 12,279 shares
+3 more
6 metrics
Director share award
52 shares of Common Stock
Grant, award, or other acquisition on 2026-07-10
Award price per share
$31.8800 per share
Transaction price per share for the 52-share grant
Direct holdings after transaction
12,279 shares
Total Common Stock directly held after the July 10, 2026 award
Forte, Inc. indirect holdings
7,944 shares
Common Stock held indirectly through Forte, Inc.
IRA indirect holdings
7,624 shares
Common Stock held indirectly through an IRA
Largest restricted stock lot
825 shares
One of several indirect restricted stock positions reported
Key Terms
Director Retainer Shares, Equity Incentive Plan, Restricted Stock, Director Emeritus
4 terms
Equity Incentive Plan financial
"issued under the 2024 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
Restricted Stock financial
"nature of ownership reported as Restricted Stock for several 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.
Director Emeritus financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
FAQ
What insider transaction did Andrew Forte report for Norwood Financial (NWFL)?
Andrew Forte reported receiving a grant of 52 shares of Norwood Financial Common Stock on July 10, 2026 at $31.8800 per share. The award is described as Director Retainer Shares issued under the company’s 2024 Equity Incentive Plan.
How do Andrew Forte’s indirect Norwood Financial (NWFL) holdings break down?
Indirectly, Andrew Forte reports several Norwood Financial positions, including restricted stock lots and shares held via Forte, Inc. and an IRA. Individual account balances disclosed include 7,944 shares in Forte, Inc. and 7,624 shares in an IRA, plus smaller restricted stock amounts.
What vesting schedules are disclosed for Norwood Financial (NWFL) equity awards to Andrew Forte?
The disclosure describes awards vesting in five equal installments beginning December 14, 2022, December 13, 2023, and December 12, 2024, and others vesting in three equal installments beginning December 15, 2025 and December 15, 2026, subject to continued service.