William S. Lance - Feb 7, 2023 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role: EVP & CFO
Signature: /s/ William S. Lance
Stock symbol: NWFL
Transactions as of: Feb 7, 2023
Transactions value $: -$36,720
Form type: 4
Date filed: 2/7/2023, 12:32 PM
Previous filing: Dec 15, 2022
Next filing: Dec 14, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NWFL	Common Stock	Options Exercise	$40.3K	+2.25K	+25.16%	$17.93	11.2K	Feb 7, 2023	Direct
transaction	NWFL	Common Stock	Sale	-$77.1K	-2.25K	-20.1%	$34.25	8.94K	Feb 7, 2023	Direct
holding	NWFL	Common Stock						250	Feb 7, 2023	Restricted Stock Award	F1
holding	NWFL	Common Stock						500	Feb 7, 2023	Restricted Stock Award	F2
holding	NWFL	Common Stock						750	Feb 7, 2023	Restricted Stock Award	F3
holding	NWFL	Common Stock						1.2K	Feb 7, 2023	Restricted Stock Award	F4
holding	NWFL	Common Stock						1.5K	Feb 7, 2023	Restricted Stock Award	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	NWFL	Option-Right to Buy	Options Exercise	$0	-2.25K	-100%	$0.00^*	0	Feb 7, 2023	Common Stock	2.25K	$17.93	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Award vests in five equal installments beginning on December 11, 2019 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 10, 2020 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 8, 2021 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 14, 2022 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 13, 2023 and annually thereafter during such periods of continued service as an Employee, Outside Director or Director Emeritus, as applicable.