Norwood CEO buys 100 NWFL shares in IRA
NORWOOD FINANCIAL CORP President & CEO James O. Donnelly reported an open-market purchase of 100 shares of Common Stock at $29.06 per share through an IRA on April 29, 2026.
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Form Type
4
Rhea-AI Filing Summary
NORWOOD FINANCIAL CORP President & CEO James O. Donnelly reported an open-market purchase of 100 shares of Common Stock at $29.06 per share through an IRA on April 29, 2026. Following this trade, that IRA holds 300 shares indirectly. The filing also restates several indirect restricted stock awards and a direct holding of 11,700 common shares. Footnotes show these restricted awards vest over multi-year schedules, with some vesting 70% after one year and others in five equal annual installments beginning on specified December dates.
Insider Trade Summary
Net Buyer: 100 shares
Net Buy
7 txns
Insider
Donnelly James O
Role
President & CEO
Bought
100 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 100 | $29.06 | $3K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 300 shares (Indirect, By IRA);
Common Stock — 11,700 shares (Direct);
Common Stock — 16,557 shares (Indirect, Restricted Stock)
Footnotes (5)
- F1. Award vests at a rate of 70% as of the one-year anniversary of the date of the grant, May 10, 2022, and then at a rate of 10% annually thereafter until such stock award shares are fully vested.
- F2. 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.
- F3. 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.
- F4. 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.
- F5. 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: 100 shares
Purchase price: $29.06/share
IRA holdings after trade: 300 shares
+3 more
6 metrics
Open-market purchase
100 shares
Common Stock bought on April 29, 2026
Purchase price
$29.06/share
Price for 100-share IRA purchase
IRA holdings after trade
300 shares
Indirect Common Stock holdings by IRA after purchase
Direct Common Stock holding
11,700 shares
Directly held by James O. Donnelly
Restricted award example
6,651 shares
One indirect restricted stock position reported
Vesting start date (example)
May 10, 2022
Restricted award vests 70% after one year, then 10% annually
Key Terms
Restricted Stock, open-market purchase, By IRA, vests in five equal installments, +1 more
5 terms
Restricted Stock financial
"nature_of_ownership: "Restricted Stock" for several Common Stock entries"
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.
open-market purchase financial
"transaction_action: "open-market purchase" for the 100-share trade"
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.
By IRA financial
"nature_of_ownership: "By IRA" for the 100-share open-market purchase"
vests in five equal installments financial
"Award vests in five equal installments beginning on December 13, 2023"
anniversary of the date of the grant financial
"Award vests at a rate of 70% as of the one-year anniversary of the date of the grant"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NORWOOD FINANCIAL CORP (NWFL) report?
NORWOOD FINANCIAL CORP reported that President & CEO James O. Donnelly bought 100 shares of Common Stock. The purchase was an open-market transaction executed through an IRA, and it increases his indirect IRA holdings while leaving other reported holdings unchanged.
What indirect restricted stock awards does the NWFL CEO report?
The Form 4 lists several indirect restricted stock positions for James O. Donnelly, including blocks of 6,651, 4,738, 3,868, 1,000 and 300 shares. These awards are subject to vesting conditions over time, as described in detailed vesting footnotes accompanying the filing.
How do the restricted stock awards for NWFL’s CEO vest over time?
One award vests 70% on the first anniversary of the May 10, 2022 grant, then 10% annually until fully vested. Other awards vest in five equal installments starting on December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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