FORTE ANDREW 4
4 · NORWOOD FINANCIAL CORP · Filed Mar 13, 2026
Research Summary
AI-generated summary of this filing
Norwood Financial (NWFL) Director Andrew Forte Receives 57 Shares
What Happened
Andrew Forte, a director of Norwood Financial Corp (NWFL), was issued 57 shares on March 11, 2026 as an award/retainer. The shares were valued at $29.40 each for a total notional value of $1,676. This was an equity grant (director retainer), a form of compensation rather than an open-market purchase or sale.
Key Details
- Transaction date: March 11, 2026; Form 4 filed March 13, 2026 (two days after the reported transaction).
- Instrument/Action: Award/Acquisition (code A) — 57 shares at $29.40 per share; total value $1,676.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 indicates these are Director Retainer Shares issued under the 2024 Equity Incentive Plan. Additional footnotes (F2–F6) in the filing describe various vesting schedules for awards; check the filing for which vesting terms apply to this grant.
- No indication in the filing that this was a sale, gift, or option exercise.
Context
This is a routine director retainer equity grant, commonly used to compensate board members and align their interests with shareholders. Such awards are standard corporate compensation and do not by themselves indicate insider buying or selling sentiment.
Insider Transaction Report
- Award
Common Stock
[F1]2026-03-11$29.40/sh+57$1,676→ 12,062 total
- 7,020(indirect: By IRA)
Common Stock
- 7,354(indirect: Forte, Inc.)
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.