Norwood Financial (NASDAQ: NWFL) grants director 45 share award
Rhea-AI Filing Summary
LAMONT KEVIN M reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Kevin M. Lamont received a grant of 45 shares of common stock at $30.20 per share as a director retainer under the 2024 Equity Incentive Plan. Following this award, he directly holds 135,960 common shares and also reports several indirect restricted stock and spouse holdings that vest over multiple future December dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 45 shares
Net Buy
8 txns
Insider
LAMONT KEVIN M
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45 | $30.20 | $1K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 135,960 shares (Direct);
Common Stock — 463 shares (Indirect, Spouse);
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 stock grant: 45 shares
Grant reference price: $30.20 per share
Direct holdings after grant: 135,960 shares
+2 more
5 metrics
Director stock grant
45 shares
Common stock award on 2026-05-11
Grant reference price
$30.20 per share
Value used for 45-share award
Direct holdings after grant
135,960 shares
Common stock held directly following award
Spouse indirect holdings
463 shares
Common stock held by spouse
Restricted stock lot
825 shares
Indirect restricted stock holding entry
Key Terms
2024 Equity Incentive Plan, Director Retainer Shares, 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" on multiple holding 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.
Outside Director financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
Director Emeritus financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did NWFL director Kevin M. Lamont report in this Form 4 filing?
Kevin M. Lamont reported receiving a grant of 45 shares of Norwood Financial common stock. The shares are director retainer stock issued under the 2024 Equity Incentive Plan and increase his directly held stake in the company.
Are the Norwood Financial director awards subject to vesting schedules?
Yes. Footnotes state that related awards vest in equal installments beginning on December 14, 2022, December 13, 2023, December 12, 2024, December 15, 2025, and December 15, 2026, contingent on continued service as an employee, outside director, or director emeritus.
Does this NWFL Form 4 show open-market buying or selling?
No. The only quantified transaction is a 45-share grant coded as an award, not an open-market trade. Other line items are holdings of restricted stock and spouse shares, which reflect ownership positions rather than new market purchases or sales.