Norwood Financial director granted 48 shares
NORWOOD FINANCIAL CORP (symbol: NWFL) is the issuer of record for a Form 4 filing submitted to the SEC.
Rhea-AI Filing Summary
NORWOOD FINANCIAL CORP (symbol: NWFL) is the issuer of record for a Form 4 filing submitted to the SEC. FORTE ANDREW reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP (NWFL) director Andrew Forte reported receiving a grant of 48 shares of common stock on September 10, 2026 at $34.47 per share as Director Retainer Shares issued under the 2024 Equity Incentive Plan. Following this award, he holds 12,376 shares directly.
He also reports indirect holdings of 7,624 shares in an individual retirement account and 7,944 shares through Forte, Inc. In addition, several restricted stock awards are reported that vest in installments beginning in December 2022, 2023, 2024, 2025 and 2026 during continued service. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 48 shares
Grant/Award
9 txns
Insider
FORTE ANDREW
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 48 | $34.47 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| 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 — 12,376 shares (Direct);
Common Stock — 7,624 shares (Indirect, IRA);
Common Stock — 7,944 shares (Indirect, Forte, Inc.);
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
Director Retainer Shares granted: 48 shares
Grant price per share: $34.47 per share
Direct holdings after grant: 12,376 shares
+2 more
5 metrics
Director Retainer Shares granted
48 shares
Common stock grant to Andrew Forte on September 10, 2026
Grant price per share
$34.47 per share
Value of Director Retainer Shares granted on September 10, 2026
Direct holdings after grant
12,376 shares
Common stock held directly by Andrew Forte following the reported grant
Indirect IRA holdings
7,624 shares
Common stock held indirectly in an individual retirement account
Indirect Forte, Inc. holdings
7,944 shares
Common stock held indirectly through Forte, Inc.
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, Outside Director, +1 more
5 terms
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
Restricted Stock financial
"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.
Outside Director financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
Director Emeritus financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did NWFL director Andrew Forte report in this Form 4?
He reported a grant of 48 shares of Norwood Financial Corp common stock on September 10, 2026 as Director Retainer Shares issued under the 2024 Equity Incentive Plan.
What indirect NWFL holdings does Andrew Forte report?
He reports indirect ownership of 7,624 shares held in an individual retirement account and 7,944 shares held through Forte, Inc..
Are Andrew Forte’s NWFL transactions under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for these transactions.
What are the vesting terms of Andrew Forte’s NWFL restricted stock awards?
The restricted stock awards vest in installments over several years, with awards beginning to vest in five equal installments starting in December 2022, 2023, and 2024, and in three equal installments starting in December 2025 and 2026, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
