Norwood Financial EVP sells 3,000 shares of stock
EVP & Chief Lending Officer Vincent O'Bell exercised options and sold 3,000 NWFL shares in early September 2026 while retaining restricted stock awards.
Rhea-AI Filing Summary
NORWOOD FINANCIAL CORP (NWFL) executive Vincent O'Bell, EVP & Chief Lending Officer, reported multiple option exercises and share sales. On September 2 and September 4, 2026, he exercised employee stock options covering a total of 5,250 shares of common stock at exercise prices of $22.37, $26.93, $32.81 and $32.34 per share. He sold 3,000 shares of common stock in open-market or private transactions at prices of about $34.50–$34.68 per share. No Rule 10b5-1 trading plan is reported, and he continues to hold indirect restricted stock awards that vest in five equal installments beginning in December 2022, 2023, 2024 and 2025, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
16 txns
Insider
O'Bell Vincent
Role
EVP & Chief Lending Officer
Sold
3,000 shs ($104K)
Approx. gross sale proceeds
$104K
Approx. exercise cost
$155K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 750 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 1,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 750 | $22.3733 | $17K |
| Exercise | Common Stock | 1,500 | $26.93 | $40K |
| Exercise | Employee Stock Option (right to buy) | 1,500 | $0.00 | $0.00 |
| Exercise | Employee Stock Option (right to buy) | 1,500 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,500 | $32.81 | $49K |
| Sale | Common Stock | 1,500 | $34.502 | $52K |
| Exercise | Common Stock | 1,500 | $32.34 | $49K |
| Sale | Common Stock | 1,100 | $34.502 | $38K |
| Sale | Common Stock | 100 | $34.61 | $3K |
| Sale | Common Stock | 300 | $34.675 | $10K |
| holding | Common Stock F1 | -- | -- | -- |
| holding | Common Stock F2 | -- | -- | -- |
| holding | Common Stock F3 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 3,000 contracts (Direct);
Common Stock — 6,642 shares (Direct);
Common Stock — 3,000 shares (Indirect, Restricted Stock Award)
Footnotes (4)
- F1. 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.
- 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 and Employee, Outside Director or Director Emeritus, as applicable.
Key Figures
Common shares sold: 3,000 shares
Sale price range: $34.50–$34.68 per share
Options exercised (shares): 5,250 shares
+4 more
7 metrics
Common shares sold
3,000 shares
Open-market or private sales on September 2, 2026
Sale price range
$34.50–$34.68 per share
Common stock sales on September 2, 2026
Options exercised (shares)
5,250 shares
Employee stock options exercised on September 2 and 4, 2026
Option exercise price
$22.3733 per share
Employee stock option first reported, expiring December 13, 2026
Option exercise price
$26.9300 per share
Employee stock option expiring December 8, 2030
Option exercise price
$32.8100 per share
Employee stock option expiring December 12, 2027
Option exercise price
$32.3400 per share
Employee stock option expiring December 11, 2028
Key Terms
Employee Stock Option (right to buy), Common Stock, Restricted Stock Award
3 terms
Employee Stock Option (right to buy) financial
"Employee Stock Option (right to buy) reported for Vincent O'Bell"
Common Stock financial
"Common Stock listed as the underlying and acquired security"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Restricted Stock Award financial
"Indirect ownership described as a Restricted Stock Award with vesting"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
FAQ
What insider transactions did NWFL executive Vincent O'Bell report in this Form 4?
Vincent O'Bell reported exercising employee stock options for 5,250 shares of Norwood Financial common stock and selling 3,000 shares in open-market or private transactions on September 2 and 4, 2026.
At what prices did Vincent O'Bell sell NWFL common stock?
He sold a total of 3,000 shares of Norwood Financial common stock at per-share prices of about $34.50–$34.68 in transactions dated September 2, 2026.
What were the exercise prices of the NWFL options exercised by Vincent O'Bell?
The employee stock options exercised covered common shares at exercise prices of $22.3733, $26.9300, $32.8100 and $32.3400 per share, with option expirations ranging from December 13, 2026 to December 8, 2030.
Were Vincent O'Bell’s NWFL transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates that the Rule 10b5-1 trading plan affirmation box is not checked, so no Rule 10b5-1 trading plan is reported for these transactions.
What restricted stock awards does Vincent O'Bell hold at NWFL?
He holds indirect Restricted Stock Awards that vest in five equal installments beginning on December 14, 2022, December 13, 2023, December 12, 2024 and December 15, 2025, in each case contingent on continued service in an eligible role.
AI-generated analysis. How Rhea-AI works. Not financial advice.
