LAMONT KEVIN M 4/A
Research Summary
AI-generated summary
Norwood Financial (NWFL) Director Kevin Lamont Receives Award
What Happened
- Kevin M. Lamont, a director at Norwood Financial Corp. (NWFL), was granted 825 shares as an equity award on December 16, 2025. The grant price/reporting value is $29.80 per share, for a total reported value of $24,585. This transaction is recorded as an award/grant (Form 4 code "A"), an acquisition rather than an open-market purchase.
Key Details
- Transaction date and terms: 2025-12-16; 825 shares at $29.80 each (total $24,585).
- Shares owned after transaction: Not specified in this filing.
- Footnotes/vesting: The filing includes multiple vesting footnotes. Notably, one award vests in three equal annual installments beginning Dec 15, 2026 (F1). Other footnotes describe awards vesting in five equal installments beginning Dec 14, 2022 (F2), Dec 13, 2023 (F3), Dec 12, 2024 (F4), and three equal installments beginning Dec 15, 2025 (F5).
- Filing status: This is an amended Form 4. The filing does not indicate a late-filing flag in the summary provided here.
Context
- Equity awards to directors are common as compensation and typically vest over multiple years; vesting schedules are provided in the footnotes. Such grants represent compensation/retention incentives rather than direct market purchases or sales and should be interpreted accordingly.