Norwood Financial (NWFL) director Andrew Forte receives 49-share retainer grant
Rhea-AI Filing Summary
FORTE ANDREW reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Andrew Forte reported an equity compensation transaction in the company’s common stock. On 2026-08-10 he received a grant of 49 shares of common stock as Director Retainer Shares issued under the 2024 Equity Incentive Plan at an indicated value of $34.02 per share, bringing his directly held common stock to 12,328 shares. As of the same date, he also reported indirect holdings of 7,624 shares in an IRA and 7,944 shares held through Forte, Inc., plus several restricted stock awards that vest in scheduled annual installments while he continues service as an employee, outside director or director emeritus.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 49 shares
Net Buy
9 txns
Insider
FORTE ANDREW
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 49 | $34.02 | $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 — 12,328 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 grant shares: 49 shares
Grant value per share: $34.02 per share
Direct holdings after transaction: 12,328 shares
+2 more
5 metrics
Director grant shares
49 shares
Common stock grant on 2026-08-10 as Director Retainer Shares
Grant value per share
$34.02 per share
Indicated value for 49-share common stock award
Direct holdings after transaction
12,328 shares
Direct NORWOOD FINANCIAL CORP common stock owned after 49-share grant
Indirect IRA holdings
7,624 shares
Common stock held indirectly in an IRA as of 2026-08-10
Indirect Forte, Inc. holdings
7,944 shares
Common stock held indirectly through Forte, Inc. as of 2026-08-10
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, Director Emeritus
4 terms
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
Restricted Stock financial
"nature_of_ownership: Restricted Stock with vesting in scheduled installments."
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, as applicable."
FAQ
What did Andrew Forte report in this Form 4 for NORWOOD FINANCIAL CORP (NWFL)?
Andrew Forte reported an equity compensation grant of 49 shares of NORWOOD FINANCIAL CORP common stock on 2026-08-10, classified as Director Retainer Shares under the 2024 Equity Incentive Plan, along with updated direct and indirect share holdings.
What is Andrew Forte’s direct ownership in NORWOOD FINANCIAL CORP (NWFL) after the reported grant?
Following the 49-share grant, Andrew Forte directly holds 12,328 shares of NORWOOD FINANCIAL CORP common stock. This total represents his post-transaction direct ownership and excludes his separately reported indirect and restricted stock positions.
What indirect NORWOOD FINANCIAL CORP (NWFL) holdings did Andrew Forte report?
Andrew Forte reported indirect holdings of 7,624 shares of NORWOOD FINANCIAL CORP common stock in an IRA and 7,944 shares held through Forte, Inc.. These are reported as indirect ownership, separate from his directly held shares.
How do Andrew Forte’s restricted stock awards at NORWOOD FINANCIAL CORP (NWFL) vest?
Andrew Forte’s restricted stock awards vest in scheduled installments, beginning on specific December dates between 2022 and 2026, and continue to vest annually while he remains in service as an employee, outside director or director emeritus.
AI-generated analysis. How Rhea-AI works. Not financial advice.
