Norwood Financial (NWFL) director awarded 40-share retainer grant at $34.02
Rhea-AI Filing Summary
Gifford Jeffrey S reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Jeffrey S. Gifford received an equity award of 40 shares of Common Stock on August 10, 2026 at $34.02 per share. These Director Retainer Shares were issued under the 2024 Equity Incentive Plan, bringing his directly held shares to 26,810. He also reports indirect holdings including 6,920 shares in a Spouse IRA, 76,082 shares held by his spouse, 2,487 shares each held by custodians for Abigail and Ryan Lockwood, and 35,746 shares in an IRA, along with multiple restricted stock awards that vest over multi‑year schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 40 shares
Net Buy
12 txns
Insider
Gifford Jeffrey S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 40 | $34.02 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| 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 — 26,810 shares (Direct);
Common Stock — 6,920 shares (Indirect, Spouse IRA);
Common Stock — 76,082 shares (Indirect, Spouse);
Common Stock — 2,487 shares (Indirect, By Custodian Abigail Lockwood);
Common Stock — 2,487 shares (Indirect, By Custodian Ryan Lockwood);
Common Stock — 35,746 shares (Indirect, IRA);
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
Shares granted: 40 shares
Grant price: $34.02 per share
Direct holdings after grant: 26,810 shares
+5 more
8 metrics
Shares granted
40 shares
Director Retainer Shares awarded on August 10, 2026
Grant price
$34.02 per share
Value of Common Stock award on August 10, 2026
Direct holdings after grant
26,810 shares
Common Stock directly held by Jeffrey S. Gifford after transaction
Spouse IRA holdings
6,920 shares
Indirect holdings reported as Spouse IRA
Spouse holdings
76,082 shares
Indirect holdings reported as Spouse
Custodian Abigail Lockwood
2,487 shares
Indirect holdings by custodian for Abigail Lockwood
Custodian Ryan Lockwood
2,487 shares
Indirect holdings by custodian for Ryan Lockwood
IRA holdings
35,746 shares
Indirect holdings reported as IRA
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
"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.
Outside Director financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
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.
FAQ
What did NORWOOD FINANCIAL CORP (NWFL) director Jeffrey Gifford report on this Form 4?
Jeffrey S. Gifford reported an equity award of 40 Common Stock shares on August 10, 2026. The award consists of Director Retainer Shares issued under the 2024 Equity Incentive Plan, increasing his directly held shares to 26,810.
How are Jeffrey Gifford’s restricted stock awards in NWFL structured?
Gifford’s restricted stock awards vest in multi‑year installments, generally over three or five years. Footnotes state vesting begins on specific dates in 2022, 2023, 2024, 2025, and 2026, contingent on continued service as an Employee or Outside Director.
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