Norwood Financial (NWFL) CFO adds 1,000 shares in open-market IRA purchase
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NORWOOD FINANCIAL CORP EVP & CFO John Martin McCaffery Jr reported an open-market purchase of 1,000 shares of common stock at $29.44 per share, held indirectly in an IRA. Following this transaction, that IRA position holds 4,000 common shares.
The filing also updates several indirect restricted stock awards and a direct holding of common stock, reflecting post-transaction balances of 2,000, 1,200 and 804 restricted shares, plus 1,500 directly held shares, subject to the specific vesting schedules described in the awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000 shares ($29,440)
Net Buy
5 txns
Insider
McCaffery John Martin JR
Role
EVP & CFO
Bought
1,000 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 1,000 | $29.44 | $29K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,000 shares (Indirect, IRA);
Common Stock — 1,500 shares (Direct, null)
Footnotes (1)
- Award vests 200 shares on June 24, 2025 and then 201 shares annually thereafter until such stock award shares are fully earned. Award vests in five 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 five 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
Open-market purchase: 1,000 shares
Purchase price: $29.44/share
IRA holding after purchase: 4,000 shares
+4 more
7 metrics
Open-market purchase
1,000 shares
Common Stock bought in open market
Purchase price
$29.44/share
Price for 1,000 purchased shares
IRA holding after purchase
4,000 shares
Common Stock held indirectly in IRA post-transaction
Restricted stock award 1 balance
2,000 shares
Common Stock restricted, indirect holding
Restricted stock award 2 balance
1,200 shares
Common Stock restricted, indirect holding
Restricted stock award 3 balance
804 shares
Common Stock restricted, indirect holding
Direct common stock holding
1,500 shares
Common Stock held directly after updates
Key Terms
open-market purchase, Restricted Stock, IRA, vests in five equal installments, +1 more
5 terms
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
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.
vests in five equal installments financial
"Award vests in five equal installments beginning on December 15, 2025"
continued service financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
FAQ
What insider transaction did NWFL EVP & CFO John McCaffery Jr report?
He reported an open-market purchase of 1,000 shares of Norwood Financial common stock. The shares were bought at $29.44 each and are held indirectly in an IRA, increasing that specific IRA position to 4,000 common shares after the transaction.
What restricted stock awards for NWFL does the Form 4 describe?
The filing shows multiple restricted stock awards in Norwood Financial common stock. One vests 200 shares on June 24, 2025 and 201 shares annually thereafter, while two other awards vest in five equal annual installments, starting December 15, 2025 and December 15, 2026.
How do the NWFL restricted stock awards vest over time for the insider?
One award vests 200 shares on June 24, 2025, then 201 shares annually until fully earned. Two additional awards vest in five equal installments beginning on December 15, 2025 and December 15, 2026, subject to continued service in the specified roles.