LAMONT KEVIN M 4
Research Summary
AI-generated summary
Norwood Financial (NWFL) Director Kevin Lamont Receives 45 Shares
What Happened
- Kevin M. Lamont, a director of Norwood Financial Corp (NWFL), was granted/received 45 shares as an award on June 10, 2026. The filing reports an acquisition price of $30.19 per share, for a total value of about $1,359.
- This was an equity award (director retainer shares) rather than an open-market purchase or sale — typically a form of compensation rather than a market sentiment signal.
Key Details
- Transaction date: 2026-06-10; reported on Form 4 filed 2026-06-12 (appears timely — within the usual two-business-day window).
- Price per share: $30.19; Total value: ~$1,359.
- Shares owned after transaction: Not disclosed in the provided filing details.
- Footnotes: F1 indicates these are Director Retainer Shares issued under the 2024 Equity Incentive Plan. Additional footnotes (F2–F6) describe various vesting schedules (installment vesting beginning in Dec 2022–Dec 2026, as applicable).
- Transaction type: A = Award/Grant (compensation).
Context
- Director retainer awards are routine compensation for board service; they are not the same as a director buying shares on the open market. Such awards can dilute existing shareholders modestly but are common practice.
- The award value is small (~$1.4k), so it is not a large insider purchase that would typically attract attention as a strong bullish signal.