Director Kenneth A. Phillips of Norwood Financial Corp filed a Form 4 on November 12, 2026, reporting the acquisition of 38 shares of common stock on November 10, 2026, along with existing indirect restricted stock holdings.

Key Highlights

  • Transaction: Kenneth A. Phillips acquired 38 shares of Norwood Financial Corp common stock on November 10, 2026, at a price of $36.05 per share.
  • Source of shares: The 38 shares were issued as Director Retainer Shares under the 2024 Equity Incentive Plan, according to the filing.
  • Direct ownership after transaction: Phillips directly held 16,050 shares of common stock following the reported transaction.
  • Indirect restricted stock: Phillips also holds six tranches of restricted common stock indirectly, totaling 40, 280, 420, 550, 82, and 825 shares, each subject to separate vesting schedules.
  • Role: Phillips is identified in the filing as a Director of Norwood Financial Corp (NASDAQ:NWFL).

Phillips Receives Director Retainer Shares and Holds Multiple Restricted Stock Tranches

According to the Form 4 filed with the SEC on November 12, 2026, Kenneth A. Phillips, a director of Norwood Financial Corp, acquired 38 shares of common stock on November 10, 2026, at $36.05 per share. The filing identifies these shares as Director Retainer Shares issued under the company's 2024 Equity Incentive Plan. Following this transaction, Phillips directly owned 16,050 shares of common stock.

In addition to his direct holdings, the filing discloses several tranches of restricted common stock held indirectly by Phillips. A tranche of 40 shares vests in five equal installments beginning December 14, 2022. A tranche of 280 shares vests in five equal installments beginning December 13, 2023. A tranche of 420 shares vests in five equal installments beginning December 12, 2024. Two tranches of 550 shares and 82 shares each vest in three equal installments beginning December 15, 2025. A tranche of 825 shares vests in three equal installments beginning December 15, 2026. All vesting is conditioned on continued service as an Employee, Outside Director, or Director Emeritus, as stated in the filing.

The Form 4 was signed on November 12, 2026, by Mackenzie Jackson acting under a Power of Attorney on behalf of Kenneth A. Phillips. No derivative securities were reported in Table II of the filing.

What Was Disclosed

The filing reports a single acquisition of 38 Director Retainer Shares at $36.05 on November 10, 2026, bringing Phillips's direct holding to 16,050 shares, alongside six indirectly held restricted stock tranches at various vesting stages.