Nacinovich Marissa S 4

What Happened
Marissa S. Nacinovich, a director of Norwood Financial Corp (NWFL), was issued 43 shares as a director retainer on July 10, 2026. The Form 4 reports the shares were acquired at a reported value of $31.88 per share, for a total grant value of $1,371. This was an award/grant of stock (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date and price: 2026-07-10, 43 shares at $31.88 each (total $1,371).
• Transaction type: Award/Grant (director retainer) under the 2024 Equity Incentive Plan (Footnote F1).
• Vesting: Award vests in three equal installments beginning December 15, 2026 and annually thereafter while she continues service as an Employee, Outside Director or Director Emeritus (Footnote F2).
• Shares owned after transaction: Not specified in the provided filing.
• Filing date / timeliness: Form filed 2026-07-14; the filing date is consistent with timely reporting (filed within required business-day window).

Context
Director retainer shares are a routine form of compensation for board service and are typically issued to align directors’ interests with shareholders. Because the award vests over time, the shares are not fully transferable immediately and may be forfeitable if service ends. The dollar value here is modest; treat this as routine compensation rather than a strong buy/sell signal.