Carroll Joseph W 4

What Happened

• Joseph W. Carroll, a director of Norwood Financial Corp. (NWFL), was issued 45 director retainer shares on 2026-04-10. The reported per-share valuation is $30.39, for a total reported value of $1,368. This transaction is coded as an award/grant (A) — a compensation issuance, not an open-market purchase.

Key Details

• Transaction date: 2026-04-10; Report filed: 2026-04-14 (filed within the typical 2-business-day Form 4 window).
• Price/value: 45 shares at $30.39 each; total reported value $1,368.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: F1 — Director retainer shares issued under the 2024 Equity Incentive Plan.
• Transaction type: Award/Grant (code A); this is routine compensation for board service, not a sale or open-market buy.

Context

• Director retainer share awards are a common form of non-cash compensation for board members and do not necessarily indicate the director is making a personal investment decision. They are different from purchases (which can be seen as a bullish signal) and from gifts or tax-withholding events.