LAMONT KEVIN M 4
Research Summary
AI-generated summary
Norwood Financial (NWFL) Director Kevin M. Lamont Receives 45 Shares
What Happened
- Kevin M. Lamont, a director of Norwood Financial Corp (NWFL), was granted 45 shares on May 11, 2026. The reported acquisition price/value per share is $30.20, for a total reported value of $1,359. This transaction is coded as an award/grant (A) — routine compensation rather than an open-market purchase.
Key Details
- Transaction date: 2026-05-11; Form 4 filed: 2026-05-13 (timely filing).
- Price/Value: $30.20 per share; total value $1,359.
- Transaction type: Award/Grant (code A) — director retainer shares under the 2024 Equity Incentive Plan (footnote F1).
- Vesting: Footnotes indicate these are subject to multi-year installment vesting schedules (see F2–F6); full vesting may be spread over several years.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context
- Director retainer shares are a common form of non-cash compensation and typically reflect standard governance pay rather than an explicit buy/sell signal. Vesting schedules mean the recipient may not immediately control or sell all shares.