LAMONT KEVIN M 4
4 · NORWOOD FINANCIAL CORP · Filed Apr 14, 2026
Research Summary
AI-generated summary of this filing
Norwood Financial (NWFL) Director Kevin M. Lamont Receives 45-Share Award
What Happened
Kevin M. Lamont, a director of Norwood Financial Corp. (NWFL), was granted 45 shares on April 10, 2026. The shares were reported at $30.39 each, for a total reported value of approximately $1,368. This was an award/grant (code A) issued as director retainer shares under the company's 2024 Equity Incentive Plan — an acquisition via grant rather than an open‑market purchase.
Key Details
- Transaction date: 2026-04-10; filing date: 2026-04-14 (Form 4 filed within required reporting window).
- Price/value: 45 shares × $30.39 = ~$1,368.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
- Transaction type/code: A (Grant/Award).
- Footnotes included in the filing:
- F1: Director Retainer Shares issued under the 2024 Equity Incentive Plan.
- F2–F6: Describe multi‑year vesting schedules (installment vesting beginning on various December dates between 2022–2026), indicating these awards generally vest over several annual installments.
- No tax‑withholding or immediate sale (cashless exercise) was indicated in the provided details.
Context
This was a compensatory equity award to a director (routine for board retainer pay) rather than an open‑market purchase that might signal new personal conviction. Awards like this typically vest over time per the plan’s schedule, so they don’t necessarily reflect immediate changes in insider sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-10$30.39/sh+45$1,368→ 135,915 total
- 463(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.