Hungerford Meg L 4
Research Summary
AI-generated summary
Norwood Financial (NWFL) Director Meg Hungerford Receives 46-Share Award
What Happened
Meg L. Hungerford, a director of Norwood Financial Corp (NWFL), was issued 46 shares as a director retainer award on March 11, 2026. The shares were valued at $29.40 each, for a total reported value of $1,352. This was an award/grant (code A) under the company's equity plan, not an open-market purchase or sale.
Key Details
- Transaction date: March 11, 2026; Filing date (Form 4): March 13, 2026 — appears timely (within the two-business-day window).
- Shares granted: 46; Price per share: $29.40; Total reported value: $1,352.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnotes included in the filing:
- F1: Director Retainer Shares issued under the 2024 Equity Incentive Plan.
- F2–F6: Describe various vesting schedules (installments beginning Dec 2022–Dec 2026) that may apply to awards issued under the plan.
- Transaction code: A = Award/Grant.
Context
Director retainer shares are a form of compensation for board service and typically vest according to the company’s equity plan schedule; they are different from open-market purchases and do not by themselves indicate the director’s immediate trading sentiment. The grant here is relatively small in value and appears to be routine director compensation.