Norwood Financial (NWFL) Director Ronald Schmalzle Receives 39 Shares

What Happened
Ronald R. Schmalzle, a director of Norwood Financial Corp (NWFL), received an award of 39 shares on September 10, 2026. The grant price listed in the filing is $34.47 per share, for a total value of approximately $1,344. This was not an open-market purchase or sale but an equity award (transaction code A) issued as part of director compensation.

Key Details

• Transaction date: 2026-09-10; Form 4 filed: 2026-09-11 (timely).
• Shares granted: 39 at $34.47 each; total value ≈ $1,344.
• Shares owned after the transaction: Not disclosed in the filing.
• Footnotes:
  • F1: These are Director Retainer Shares issued under the 2024 Equity Incentive Plan.
  • F2/F3: Vesting provisions — awards vest in three equal annual installments, beginning either December 15, 2025 or December 15, 2026, depending on the specific award terms.
• Transaction type: Award/grant (code A) — not a sale or open-market buy.

Context
Director retainer share grants are a routine form of non-cash compensation to align directors’ interests with shareholders. Because these shares are subject to a multi-year vesting schedule, they may not be immediately transferable or sold until vested; that affects their immediate market impact. This transaction reflects compensation rather than an insider buying or selling shares on the open market.