FORTE ANDREW 4
4 · NORWOOD FINANCIAL CORP · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Norwood Financial (NWFL) Director Andrew Forte Receives Awards
What Happened
Andrew Forte, a director of Norwood Financial Corp. (NWFL), was issued five equity awards (transaction code A — grant/acquisition) totaling 514 shares valued at about $13,645. The grants were small, periodic director retainer or vesting awards rather than open-market purchases or sales:
- 123 shares @ $24.33 on 2025-04-10 (~$2,993)
- 117 shares @ $25.60 on 2025-07-10 (~$2,995)
- 116 shares @ $25.84 on 2025-10-10 (~$2,997)
- 105 shares @ $28.42 on 2026-01-12 (~$2,984)
- 53 shares @ $31.62 on 2026-02-11 (~$1,676)
Key Details
- Transaction dates & prices: listed above; all entries reported as "A" (award/grant/acquisition).
- Total: 514 shares, approx. $13,645 aggregate value.
- Shares owned after transaction: not specified in the supplied filing data.
- Footnotes: awards are director retainer shares issued under the 2024 Equity Incentive Plan. Vesting schedules vary — some awards vest in five equal annual installments (footnotes F2–F4) and others in three equal annual installments (F5–F6).
- Filing timeliness: filing date is 2026-02-13 covering awards dated Apr 2025–Feb 2026; no specific late-filing flag provided in the data supplied.
Context
These entries are compensatory equity awards to a director (typical director retainer/vesting schedule) rather than market purchases or sales. Such grants reflect routine compensation and vesting mechanics; they are not direct buy/sell signals. For derivative or complex transactions, the filing would note exercises or immediate sales — here the filings show straight acquisitions via awards.
Insider Transaction Report
- Award
Common Stock
[F1]2025-04-10$24.33/sh+123$2,993→ 11,614 total - Award
Common Stock
[F1]2025-07-10$25.60/sh+117$2,995→ 11,731 total - Award
Common Stock
[F1]2025-10-10$25.84/sh+116$2,997→ 11,847 total - Award
Common Stock
[F1]2026-01-12$28.42/sh+105$2,984→ 11,952 total - Award
Common Stock
[F1]2026-02-11$31.62/sh+53$1,676→ 12,005 total
- 7,354(indirect: By IRA)
Common Stock
- 7,944(indirect: Forte Inc.)
Common Stock
- 40(indirect: Restricted Stock)
Common Stock
[F2] - 280(indirect: Restricted Stock)
Common Stock
[F3] - 420(indirect: Restricted Stock)
Common Stock
[F4] - 550(indirect: Restricted Stock)
Common Stock
[F5] - 82(indirect: Restricted Stock)
Common Stock
[F5] - 825(indirect: Restricted Stock)
Common Stock
[F6]
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.