Norwood Financial (NWFL) director Nolan receives share grant, updates trust and restricted holdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Nolan Alexandra K reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Alexandra K. Nolan reported an equity award rather than a market trade. She received a grant of 45 shares of common stock at $30.39 per share as Director Retainer Shares under the 2024 Equity Incentive Plan, increasing her direct holdings to 2,761 shares.
The filing also lists indirect ownership through the Michael C. Nolan Trust with 217,077 shares and the Alexandra K. Nolan Trust with 65,306 shares, plus several restricted stock awards. These restricted stock grants vest in installments over multiple years beginning on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Nolan Alexandra K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45 | $30.39 | $1K |
| 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 — 2,761 shares (Direct);
Common Stock — 217,077 shares (Indirect, Michael C. Nolan Trust)
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.
Key Figures
Director grant: 45 shares
Grant value per share: $30.39/share
Direct holdings after grant: 2,761 shares
+3 more
6 metrics
Director grant
45 shares
Common Stock grant reported with code A
Grant value per share
$30.39/share
Director Retainer Shares under 2024 Equity Incentive Plan
Direct holdings after grant
2,761 shares
Common Stock directly owned by Alexandra K. Nolan
Michael C. Nolan Trust holdings
217,077 shares
Common Stock held indirectly via trust
Alexandra K. Nolan Trust holdings
65,306 shares
Common Stock held indirectly via trust
Restricted Stock position (example)
825 shares
One of several restricted stock lines reported as indirect
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, grant, award, or other acquisition, +1 more
5 terms
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
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.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Outside Director financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
