PHILLIPS KENNETH A 4
4 · NORWOOD FINANCIAL CORP · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Norwood Financial (NWFL) Director Kenneth Phillips Receives 46-Share Award
What Happened
Kenneth A. Phillips, a director of Norwood Financial Corp (NWFL), was granted 46 shares as a director retainer award on March 11, 2026. The transaction is reported as an acquisition (award) at $29.40 per share, totaling approximately $1,352. This was an equity grant (compensation) rather than an open-market purchase.
Key Details
- Transaction date and price: 2026-03-11, 46 shares @ $29.40 (total ≈ $1,352).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 indicates these are Director Retainer Shares issued under the 2024 Equity Incentive Plan. Additional footnotes (F2–F6) describe various vesting schedules (installments over 3–5 years) that may apply to awards.
- Timeliness: Report filed 2026-03-13 for a 2026-03-11 transaction — appears timely (no late filing indicated).
Context
This was a compensation-related grant (retainer shares) to a director, which is routine corporate compensation and not a market purchase signaling personal buying conviction. The filing shows it as an award/issuance; vesting provisions noted in the footnotes may limit immediate sale.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-11$29.40/sh+46$1,352→ 15,715 total
- 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.