Norwood Financial (NWFL) Director Alexandra Nolan Receives Award
$NWFL · NORWOOD FINANCIAL CORPResearch Summary
AI-generated summary of this SEC filing
Norwood Financial (NWFL) Director Alexandra Nolan Receives Award
What Happened
Alexandra K. Nolan, a director of Norwood Financial Corp (NWFL), was issued 40 shares as a director-retainer award on August 10, 2026. The filing values the grant at $34.02 per share, totaling $1,361. This transaction is reported as an award/grant (acquisition), which is compensatory rather than an open-market purchase.
Key Details
- Transaction date: 2026-08-10; Filing date: 2026-08-11 (timely).
- Type: Award/Grant (code A) — 40 shares at $34.02 each; total value $1,361.
- Shares owned after transaction: Not disclosed in this filing.
- Notable footnote: F1 — Director retainer shares issued under the 2024 Equity Incentive Plan. (Additional footnotes F2–F6 in the filing describe vesting schedules for various prior awards.)
- Filing timeliness: Report filed the day after the transaction (no late filing indicated).
Context
This was a compensatory share grant to a director (routine director retainer), not a market purchase or sale. Such awards are common for director compensation and may be subject to vesting terms disclosed elsewhere in the company’s equity plan or related footnotes. Awards differ from outright purchases by insiders and do not necessarily signal a personal investment decision.