LAMONT KEVIN M 4

What Happened
Kevin M. Lamont, a director of Norwood Financial Corp. (NWFL), was granted 46 director retainer shares on March 11, 2026. The award is reported at $29.40 per share, a total reported value of $1,352. This transaction is an award/grant (transaction code A), meaning the shares were issued as compensation rather than bought on the open market.

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (timely filing).
• Price/value: 46 shares × $29.40 = $1,352 (reported acquisition value).
• Shares owned after transaction: Not disclosed in the provided filing summary.
• Footnote F1: These are Director Retainer Shares issued under the 2024 Equity Incentive Plan.
• Additional footnotes (F2–F6) in the filing describe various multi-year vesting schedules; this award is subject to vesting terms per the plan.
• Transaction type: A = Award/Grant (compensation), not an open-market purchase or sale.

Context
Retainer-share awards are a common form of director compensation intended to align directors with shareholders; they are not the same as a personal open‑market purchase and don’t necessarily signal the director’s market view. Because the shares are subject to the company’s equity‑incentive vesting terms, they may vest over multiple years per the footnotes in the filing.