Norwood Financial (NWFL) director receives 46-share stock grant
Rhea-AI Filing Summary
Norwood Financial Corp director Alexandra K. Nolan received 46 shares of Common Stock as a stock award on March 11, 2026 at $29.40 per share. This is classified as a grant or other acquisition under a company equity plan, not an open-market purchase.
Following the award, she directly holds 2,716 common shares. The filing also lists significant indirect holdings, including 217,077 shares held through the Michael C. Nolan Trust and 65,306 shares through the Alexandra K. Nolan Trust, plus several smaller restricted stock awards that vest over future years.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 46 shares
Net Buy
9 txns
Insider
Nolan Alexandra K
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 46 | $29.40 | $1K |
| holding | Common Stock | -- | -- | -- |
| 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 — 2,716 shares (Direct);
Common Stock — 217,077 shares (Indirect, Michael C. Nolan Trust);
Common Stock — 65,306 shares (Indirect, Alexandra K. Nolan Trust);
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Norwood Financial (NWFL) director Alexandra K. Nolan report in this Form 4?
Director Alexandra K. Nolan reported receiving 46 shares of Norwood Financial Common Stock on March 11, 2026. The shares were granted at $29.40 each as a stock award, categorized as a grant or other acquisition rather than an open-market purchase.
How do the restricted stock awards for NWFL vest for Alexandra K. Nolan?
Footnotes state the restricted stock awards vest in equal installments over three or five years. Vesting begins on specific December dates between 2022 and 2026, contingent on continued service as an employee, outside director, or director emeritus.