Schmalzle Ronald R 4

What Happened
Ronald R. Schmalzle, a director of Norwood Financial Corp. (NWFL), was granted 45 shares as a director retainer award (transaction code A) on April 10, 2026. The grant price is reported at $30.39 per share, for a total value of roughly $1,368. This was an award/acquisition of shares (not an open‑market purchase or sale).

Key Details

• Transaction date and price: April 10, 2026 — 45 shares at $30.39 per share (total ≈ $1,368).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes:
  • F1: Shares issued under the 2024 Equity Incentive Plan as director retainer shares.
  • F2/F3: Vesting occurs in three equal annual installments (beginning Dec 15, 2025 for one portion and Dec 15, 2026 for another), contingent on continued service as an Employee, Outside Director, or Director Emeritus.
• Filing timeliness: The Form 4 was filed Apr 14, 2026 for an Apr 10 transaction (filed four days after the transaction), which appears later than the standard two‑business‑day reporting window.

Context
This was a routine director retainer award under the company’s equity plan. Such awards are standard compensation for board service and do not necessarily indicate the director’s view on the stock. The grant vests over multiple years, so the shares are subject to continued service requirements before fully vesting.