LAMONT KEVIN M 4
4 · NORWOOD FINANCIAL CORP · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Norwood Financial (NWFL) Director Kevin Lamont Receives 46-Share Award
What Happened
Kevin M. Lamont, a director of Norwood Financial Corp. (NWFL), was granted 46 director retainer shares on March 11, 2026. The award is reported at $29.40 per share, a total reported value of $1,352. This transaction is an award/grant (transaction code A), meaning the shares were issued as compensation rather than bought on the open market.
Key Details
- Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (timely filing).
- Price/value: 46 shares × $29.40 = $1,352 (reported acquisition value).
- Shares owned after transaction: Not disclosed in the provided filing summary.
- Footnote F1: These are Director Retainer Shares issued under the 2024 Equity Incentive Plan.
- Additional footnotes (F2–F6) in the filing describe various multi-year vesting schedules; this award is subject to vesting terms per the plan.
- Transaction type: A = Award/Grant (compensation), not an open-market purchase or sale.
Context
Retainer-share awards are a common form of director compensation intended to align directors with shareholders; they are not the same as a personal open‑market purchase and don’t necessarily signal the director’s market view. Because the shares are subject to the company’s equity‑incentive vesting terms, they may vest over multiple years per the footnotes in the filing.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-11$29.40/sh+46$1,352→ 135,870 total
- 463(indirect: By Spouse)
Common Stock
- 40(indirect: Restricted Stock)
Common Stock
[F2] - 280(indirect: Restricted Stock)
Common Stock
[F3] - 420(indirect: Restricted Stock)
Common Stock
[F4] - 550(indirect: Restricted Stock)
Common Stock
[F5] - 82(indirect: Restricted Stock)
Common Stock
[F5] - 825(indirect: Restricted Stock)
Common Stock
[F6]
Footnotes (6)
- [F1]Director Retainer Shares issued under the 2024 Equity Incentive Plan.
- [F2]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.
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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.