NWFL director receives stock grant of 45 shares
NORWOOD FINANCIAL CORP director Kenneth A. Phillips reported a compensation-related stock grant.
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Form Type
4
Rhea-AI Filing Summary
NORWOOD FINANCIAL CORP director Kenneth A. Phillips reported a compensation-related stock grant. On 2026-06-10, he received a grant or award of 45 shares of common stock at a price of $30.19 per share, classified as a non-derivative acquisition.
Following this award, Phillips directly owns 15,850 shares of Norwood Financial common stock. The filing also lists several indirect holdings of restricted stock in smaller amounts, reflecting director retainer and equity incentive awards under the company’s equity plans that vest over time in scheduled installments.
Insider Trade Summary
Grant/Award: 45 shares
Grant/Award
7 txns
Insider
PHILLIPS KENNETH A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45 | $30.19 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 15,850 shares (Direct);
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 on 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: 45 shares
Grant price per share: $30.19 per share
Direct holdings after transaction: 15,850 shares
+3 more
6 metrics
Shares granted
45 shares
Non-derivative grant/award on June 10, 2026
Grant price per share
$30.19 per share
Value reported for 45-share award
Direct holdings after transaction
15,850 shares
Common stock owned directly after award
Restricted stock holding example
825 shares
Indirect restricted stock holding entry
Restricted stock holding example
550 shares
Indirect restricted stock holding entry
Restricted stock holding example
420 shares
Indirect restricted stock holding entry
Key Terms
Restricted Stock, Director Retainer Shares, 2024 Equity Incentive Plan, grant/award acquisition, +2 more
6 terms
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.
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
vests in five equal installments financial
"Award vests in five equal installments beginning on December 14, 2022"
vests in three equal installments financial
"Award vests in three equal installments beginning on December 15 , 2025"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kenneth A. Phillips report in his latest Form 4 for NWFL?
Kenneth A. Phillips reported receiving a grant of 45 shares of NORWOOD FINANCIAL CORP common stock. The acquisition is a non-derivative grant or award, reflecting equity compensation rather than an open-market purchase or sale of shares.
Was the NWFL Form 4 transaction an open-market buy or a compensation grant?
The Form 4 transaction for NWFL was a compensation grant, not an open-market buy. It is coded as a grant, award, or other acquisition, indicating shares were issued as part of Phillips’ director compensation package.
What does the Form 4 reveal about restricted stock for NWFL director Phillips?
The Form 4 lists several indirect holdings of restricted stock for director Kenneth A. Phillips. Footnotes explain these are director retainer and equity incentive awards that vest in equal installments over multiple years, contingent on continued service.
What is the vesting structure mentioned in Kenneth A. Phillips’ NWFL equity awards?
Footnotes state that certain awards to Kenneth A. Phillips vest in equal installments over three or five years. Vesting begins on specified dates in December 2022, 2023, 2024, 2025, and 2026, subject to his continued service in eligible director or employee roles.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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