Andress Spencer J 4

What Happened Spencer J. Andress, a director of Norwood Financial Corp (NWFL), was issued 45 director retainer shares on April 10, 2026. The shares are reported at $30.39 each, for a total value of approximately $1,368. This was an award/acquisition (compensation), not an open-market purchase or sale.

Key Details

• Transaction date and price: April 10, 2026 — 45 shares at $30.39 each (total ≈ $1,368).
• Filing date: April 14, 2026, reporting the April 10 transaction (appears timely based on standard Form 4 deadlines).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnote: These are director retainer shares issued under the 2024 Equity Incentive Plan.
• Transaction type: A = Award/Grant (compensation), not a market buy (P) or sale (S).

Context Director retainer shares are common compensation for board service and often reflect routine pay rather than a direct buy/sell signal about the insider's view of the stock. Because this was an award, it provides less informational value about the director's personal conviction than an open-market purchase would.