Nacinovich Marissa S 4
Research Summary
AI-generated summary
Norwood Financial (NWFL) Director Marissa Nacinovich Receives Award
What Happened
Marissa S. Nacinovich, a director of Norwood Financial Corp (NWFL), was granted 45 shares as a director retainer award on May 11, 2026. The grant price was $30.20 per share, for a total value of $1,359. This was an award (not a market purchase or sale).
Key Details
- Transaction date: 2026-05-11; Filing date (Form 4): 2026-05-13 (filed within the typical 2-business-day window).
- Grant type/code: A = Award/Grant/Other acquisition.
- Shares granted: 45 at $30.20 per share (total $1,359).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: (F1) Shares issued under the 2024 Equity Incentive Plan as director retainer; (F2) Award vests in three equal annual installments beginning December 15, 2026, contingent on continued service as an Employee, Outside Director, or Director Emeritus.
Context
This is a standard director compensation grant (retainer shares) rather than an open-market purchase or sale. Such awards are routine for board members and reflect compensation, not a direct buy/sell signal about the director's private view of the stock. The award vests over time, so the director does not receive all shares immediately.