Norwood Financial (NWFL) director receives 40-share retainer grant and reports holdings
Rhea-AI Filing Summary
Hungerford Meg L reported acquisition or exercise transactions in this Form 4 filing.
Norwood Financial Corp director Meg L. Hungerford reported receiving a grant of 40 shares of Common Stock on 2026-08-10 as Director Retainer Shares under the 2024 Equity Incentive Plan at $34.02 per share, bringing her direct holdings to 6,371 shares. She also reports 990 shares held indirectly as custodian for children and multiple restricted stock awards that vest in equal installments between December 2022 and December 2026, contingent on continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 40 shares
Net Buy
8 txns
Insider
Hungerford Meg L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 40 | $34.02 | $1K |
| 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 — 6,371 shares (Direct);
Common Stock — 990 shares (Indirect, Custodian for Children);
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 grant: 40 shares
Grant value per share: $34.02 per share
Direct holdings after grant: 6,371 shares
+3 more
6 metrics
Director retainer grant
40 shares
Common Stock granted on 2026-08-10 as Director Retainer Shares under 2024 Equity Incentive Plan
Grant value per share
$34.02 per share
Per-share value for 40-share Common Stock grant on 2026-08-10
Direct holdings after grant
6,371 shares
Total directly owned Common Stock following 2026-08-10 grant
Indirect custodian holdings
990 shares
Common Stock held indirectly as Custodian for Children as of 2026-08-10
Vesting start date (award F2)
December 14, 2022
Restricted stock award vests in five equal installments beginning on this date
Vesting start date (award F6)
December 15, 2026
Restricted stock award vests in three equal installments beginning on this date
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, vests in five equal installments, +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.
vests in five equal installments financial
"Award vests in five equal installments beginning on December 14, 2022"
Director Emeritus financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
FAQ
What did Norwood Financial (NWFL) director Meg L. Hungerford report on this Form 4?
Meg L. Hungerford reported a grant of 40 Common Stock shares as Director Retainer Shares under Norwood Financial’s 2024 Equity Incentive Plan, at a $34.02 value per share, increasing her directly held shares to 6,371.
What restricted stock awards are disclosed for Meg L. Hungerford at Norwood Financial (NWFL)?
Several restricted stock awards are disclosed, each vesting in equal installments beginning on specific dates from December 14, 2022 through December 15, 2026, subject to continued service as an Employee, Outside Director or Director Emeritus.
Does this Norwood Financial (NWFL) Form 4 involve any stock sales or option exercises?
No stock sales or option exercises are reported. The Form 4 shows a grant of 40 shares of Common Stock and several holding entries, including restricted stock awards and indirect holdings, with no sell transactions disclosed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
