Schmalzle Ronald R 4

What Happened

• Ronald R. Schmalzle, a director of Norwood Financial Corp (NWFL), was granted 46 shares (transaction code A) on 2026-03-11 at a reported value of $29.40 per share, totaling $1,352. This was an award/retainer issuance under the company’s equity plan, not an open-market purchase.

Key Details

• Transaction date and price: 2026-03-11, 46 shares at $29.40 each (total $1,352).
• Transaction type: Award/Grant (Director Retainer Shares) under the 2024 Equity Incentive Plan (footnote F1).
• Vesting: Footnotes indicate vesting occurs in three equal annual installments — one schedule begins Dec 15, 2025 (F2) and another begins Dec 15, 2026 (F3); vesting is subject to continued service as an Employee, Outside Director, or Director Emeritus.
• Shares owned after the transaction: Not reported in this filing.
• Filing/timeliness: Form 4 filed 2026-03-13 for a 2026-03-11 transaction (filed two days after the grant), which is within the usual Form 4 reporting window.

Context

• These are retainer shares granted to a director as compensation and vest over time; they are not an immediate cash purchase or sale. Such awards are routine for board compensation and reflect planned equity compensation rather than a direct trading signal.