PHILLIPS KENNETH A 4

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.