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NORWOOD FINANCIAL CORP·4

Mar 13, 12:14 PM ET

Nacinovich Marissa S 4

Research Summary

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Norwood Financial (NWFL) Director Marissa Nacinovich Receives Award

What Happened
Marissa S. Nacinovich, a director of Norwood Financial Corp. (NWFL), received an award of 46 shares on March 11, 2026. The grant is recorded at a per-share value of $29.40, for a total reported value of approximately $1,352. This was an equity award (transaction code A), not an open-market purchase or sale.

Key Details

  • Transaction date and price: March 11, 2026 — 46 shares @ $29.40 each (total ~$1,352).
  • Shares owned after transaction: Not stated in the provided filing.
  • Footnotes:
    • F1: These are director retainer shares issued under the 2024 Equity Incentive Plan.
    • F2: The award vests in three equal annual installments beginning December 15, 2026, and only during continued service as an Employee, Outside Director, or Director Emeritus.
  • Filing timeliness: Reported on March 13, 2026 (filed within the normal two-business-day Form 4 window).

Context
This is a routine director compensation award rather than a market purchase or sale. Because the shares vest over time, the recipient does not receive full immediate ownership until future vesting dates; such awards are common for board retainer compensation and do not by themselves signal a change in insider sentiment.