Shook James 4

What Happened James Shook, a director of Norwood Financial Corp (NWFL), reported equity activity including two grants and a 409-share gift/transfer. On Jan 12, 2026 he was issued 105 director-retainer shares at $28.42 each (value ~$2,984) and on Feb 11, 2026 he was issued 43 shares at $31.62 each (value ~$1,360). On Nov 3, 2025 a 409-share gift transaction was recorded at $0.00 (both an acquisition and a disposition entry at zero, indicating a transfer/gift rather than a market sale).

Key Details

• Transaction dates and prices:
  • 2025-11-03: Gift/transfer — 409 shares @ $0.00 (disposed and acquired entries)
  • 2026-01-12: Award/grant — 105 shares @ $28.42 (acquired; ~$2,984)
  • 2026-02-11: Award/grant — 43 shares @ $31.62 (acquired; ~$1,360)
• Total newly acquired via awards: 148 shares (~$4,344).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes:
  • F1: These are director retainer shares issued under the 2024 Equity Incentive Plan.
  • F2: The award vests in three equal annual installments beginning Dec 15, 2026 while serving as an Employee, Outside Director, or Director Emeritus.
• Filing timeliness: The Form 4 was filed Feb 13, 2026 reporting a Nov 3, 2025 transaction; this is later than the typical 2-business-day reporting window for Form 4 filings.

Context

• The Jan and Feb entries are equity awards (code A) — these are grants, not open-market purchases, and are typically part of director compensation (often routine).
• The Nov 3 gift entries (code G) reflect a transfer/gift at $0.00 and do not, by themselves, signal insider sentiment about the stock.
• For retail investors: awards and retainer shares are common compensation for directors. Purchases are often more informative about personal bullishness; these entries mainly document compensation and a transfer.