Andress Spencer J 4

What Happened Andress Spencer J., a director of NORWOOD FINANCIAL CORP (NWFL), was issued 45 shares as a director retainer award under the company's 2024 Equity Incentive Plan. The Form 4 reports an acquisition price of $30.20 per share for a total reported value of about $1,359. This transaction is an award/acquisition (Form 4 transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-11; Form 4 filed: 2026-05-13 (filed within the 2-business-day window).
• Transaction type/code: Grant/award (A).
• Shares issued: 45 at $30.20 per share — total ≈ $1,359.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: F1 — Director retainer shares issued under the 2024 Equity Incentive Plan.

Context These shares were issued as director compensation (retainer) and are routine corporate compensation, which differs from an insider buying stock on the open market. Such awards are common and do not, by themselves, indicate a direct trading signal about management’s market view.