Gifford Jeffrey S 4
4 · NORWOOD FINANCIAL CORP · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Norwood Financial (NWFL) Director Jeffrey S. Gifford Receives Award
What Happened
Jeffrey S. Gifford, a director of Norwood Financial Corp. (NWFL), was granted 45 shares as a director retainer award (transaction code A) on 2026-06-10. The award price is reported at $30.19 per share, for an aggregate grant value of approximately $1,359. This was an equity award (compensation), not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-06-10, 45 shares at $30.19 each (total ≈ $1,359).
- Transaction type: A = Award/Grant (director retainer shares).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Relevant footnote(s): F1 — Director retainer shares issued under the 2024 Equity Incentive Plan. The filing also includes additional footnotes (F2–F6) describing multi-year vesting schedules used for other awards.
- Filing timeliness: Form 4 was filed on 2026-06-12 for a 2026-06-10 report date, which falls within the typical two-business-day Form 4 reporting window.
Context
Director retainer share grants are routine compensation for board service and do not necessarily signal insider buying or selling intent. This award is relatively small in dollar value (~$1.4k) and should be viewed primarily as standard director compensation rather than a market sentiment indicator.
Insider Transaction Report
- Award
Common Stock
[F1]2026-06-10$30.19/sh+45$1,359→ 26,727 total
- 76,082(indirect: By Spouse)
Common Stock
- 2,487(indirect: By Custodian Abigail Lockwood)
Common Stock
- 2,487(indirect: By Custodian Ryan Lockwood)
Common Stock
- 35,746(indirect: By IRA)
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] - 6,920(indirect: By Spouse)
Common Stock
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 on 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.