Gifford Jeffrey S 4
4 · NORWOOD FINANCIAL CORP · Filed Apr 14, 2026
Research Summary
AI-generated summary of this filing
Norwood Financial (NWFL) Director Jeffrey S. Gifford Receives 45-Share Award
What Happened
- Jeffrey S. Gifford, a director of Norwood Financial Corp. (NWFL), received a grant of 45 shares on April 10, 2026. The filing shows an acquisition price of $30.39 per share, valuing the award at approximately $1,368. This was an equity award (transaction code A), issued as part of director compensation rather than an open-market purchase.
Key Details
- Transaction date: 2026-04-10; Filed with the SEC: 2026-04-14 (timely — within required two business days).
- Price/value: $30.39 per share; total value ≈ $1,368.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Footnotes: F1 indicates these are Director Retainer Shares issued under the 2024 Equity Incentive Plan. Additional footnotes (F2–F6) describe vesting schedules (multiple equal installments beginning in specified years); the award may be subject to vesting per those schedules.
- Transaction code: A = Award/Grant (not a purchase or sale).
Context
- This grant represents director compensation (routine issuance) rather than a market buy or sell; such awards are common and do not, by themselves, signal insider sentiment about the stock.
- Because the shares may vest over time per the referenced vesting schedules, the director may not have immediate, unrestricted ownership of all awarded shares.
Insider Transaction Report
Form 4
Gifford Jeffrey S
Director
Transactions
- Award
Common Stock
[F1]2026-04-10$30.39/sh+45$1,368→ 26,637 total
Holdings
- 76,082(indirect: By Spouse)
Common Stock
- 2,487(indirect: By Custodian Abigail Lockwood)
Common Stock
- 2,487(indirect: By Custodian Ryan Lockwood)
Common Stock
- 35,746(indirect: By IRA)
Common Stock
- 6,920(indirect: By Spouse)
Common Stock
- 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.
Signature
/s/ Jeffrey S. Gifford by Mackenzie Jackson, Power of Attorney|2026-04-14