Andress Spencer J 4
Research Summary
AI-generated summary
Norwood Financial (NWFL) Director Spencer J. Andress Receives Award
What Happened
Spencer J. Andress, a director of Norwood Financial Corp (NWFL), was issued 45 shares as a director retainer on June 10, 2026. The shares were valued at $30.19 each, for a total grant value of $1,359. This was an awarded acquisition (compensation), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-10
- Transaction type/code: Award/Grant (A)
- Shares issued: 45 at $30.19 per share; total value $1,359
- Shares owned after transaction: not specified in the filing
- Footnote: Director retainer shares issued under the 2024 Equity Incentive Plan (F1)
- Filing: Form 4 filed 2026-06-12 for the 2026-06-10 transaction — appears timely (within the typical two-business-day window)
Context
This is a compensation-related issuance (director retainer). Such awards reflect board compensation practices and are not direct signals of buying or selling intent by the insider.