James O. Donnelly - 10 Mar 2023 Form 4 Insider Report for NORWOOD FINANCIAL CORP (NWFL)

Role
President & CEO, Director
Signature
/s/ James O. Donnelly by William S. Lance POA
Issuer symbol
NWFL
Transactions as of
10 Mar 2023
Transactions value $
$8,220
Form type
4
Date filed
13 Mar 2023, 14:35
Previous filing
15 Dec 2022
Next filing
28 Apr 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 Purchase $8.22K +250 +33.33% $32.88 1K 10 Mar 2023 Direct
holding NWFL Common Stock 3K 10 Mar 2023 Restricted Stock Award F1
holding NWFL Common Stock 2.5K 10 Mar 2023 Restricted Stock Award F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Award vests at a rate of 70% as of the one-year anniversary of the date of grant, May 10, 2022, and then at the rate of 10% annually thereafter until such stock award shares are fully earned.
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.