Norwood Financial Corp (NWFL) director receives 55-share equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FORTE ANDREW reported acquisition or exercise transactions in this Form 4 filing.
NORWOOD FINANCIAL CORP director Andrew Forte reported a grant of 55 shares of Common Stock at $30.39 per share. These Director Retainer Shares were issued under the 2024 Equity Incentive Plan and increased his directly held stake to 12,117 shares.
Forte also reports indirect holdings, including shares held in an IRA and through Forte, Inc., as well as several restricted stock awards. The footnotes state these awards vest in equal annual installments beginning on specific December dates from 2022 through 2026, conditioned on continued service as an employee or director.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
FORTE ANDREW
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 55 | $30.39 | $2K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,117 shares (Direct);
Common Stock — 7,354 shares (Indirect, IRA)
Footnotes (1)
- Director Retainer Shares issued under the 2024 Equity Incentive Plan. 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. 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. 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. 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. 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.
Key Figures
Director grant size: 55 shares
Grant price: $30.39 per share
Direct holdings after grant: 12,117 shares
+3 more
6 metrics
Director grant size
55 shares
Director Retainer Shares granted on April 10, 2026
Grant price
$30.39 per share
Value of Director Retainer Shares
Direct holdings after grant
12,117 shares
Common Stock directly owned by Andrew Forte after transaction
IRA indirect holding
7,354 shares
Common Stock held indirectly via IRA
Forte, Inc. indirect holding
7,944 shares
Common Stock held indirectly through Forte, Inc.
Restricted stock holding
825 shares
One of several restricted stock positions as of April 10, 2026
Key Terms
Director Retainer Shares, 2024 Equity Incentive Plan, Restricted Stock, IRA, +2 more
6 terms
2024 Equity Incentive Plan financial
"Director Retainer Shares issued under the 2024 Equity Incentive Plan."
Restricted Stock financial
"nature_of_ownership": "Restricted Stock""
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
IRA financial
"nature_of_ownership": "IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
Outside Director financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
Director Emeritus financial
"during such periods of continued service as an Employee, Outside Director or Director Emeritus"
FAQ
What insider transaction did Andrew Forte report at Norwood Financial (NWFL)?
Andrew Forte reported receiving 55 shares of Norwood Financial Corp Common Stock as a grant at $30.39 per share. These Director Retainer Shares were issued under the 2024 Equity Incentive Plan as part of his compensation for board service.
Does Andrew Forte have indirect holdings of Norwood Financial (NWFL) stock?
Yes. In addition to his direct holdings, Andrew Forte reports indirect ownership through an IRA and Forte, Inc., plus multiple restricted stock awards. These entries reflect beneficial holdings associated with him as of the April 10, 2026 reporting date.
How do Andrew Forte’s restricted stock awards at Norwood Financial vest?
Forte’s restricted stock awards vest in equal annual installments beginning on specific December dates from 2022 through 2026. Vesting continues as long as he maintains service as an Employee, Outside Director or Director Emeritus, according to the disclosed award footnotes.