Nolan Alexandra K 4
4 · NORWOOD FINANCIAL CORP · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Norwood Financial (NWFL) Director Nolan Alexandra K Receives Award
What Happened Nolan Alexandra K, a director of Norwood Financial Corp (NWFL), was issued 45 director retainer shares (transaction code A — award/grant) on May 11, 2026. The shares were valued at $30.20 each, for a total value of $1,359. This was an equity award/retainer issuance, not an open-market purchase or sale.
Key Details
- Transaction date and price: May 11, 2026 — 45 shares at $30.20 each (total $1,359).
- Transaction type: A (Grant/Award/Other acquisition).
- Plan: Issued under the 2024 Equity Incentive Plan (Footnote F1).
- Vesting: Footnotes (F2–F6) describe staggered vesting schedules (installments over 3–5 years depending on the award).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Form 4 filed May 13, 2026 (appears timely — within the two-business-day filing window).
Context This was a compensation-related grant (director retainer shares), a routine way companies compensate board members. Such awards are common and reflect compensation policy rather than an insider buying shares in the open market; vesting schedules mean some shares may be subject to restrictions and will vest over time per the listed footnotes.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-11$30.20/sh+45$1,359→ 2,806 total
- 217,077(indirect: By Trust)
Common Stock
- 65,306(indirect: By Trust)
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 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.