4/A: Norwood Financial Corp: CEO James O. Donnelly Amends Beneficial Ownership Report
SEC Filing
James O. Donnelly, President & CEO of Norwood Financial Corp, files an amendment to his beneficial ownership report, disclosing additional transactions and previously unreported vested restricted shares.
Summary
- James O. Donnelly, the President & CEO of Norwood Financial Corp, filed an amended Form 4 with the SEC.
- The amendment addresses a previous filing made on December 23, 2024.
- The report details changes in Donnelly's beneficial ownership of Norwood Financial Corp stock.
- On December 19, 2024, Donnelly acquired 1,538 shares of common stock at a price of $26 per share.
- The report also includes 1,789 restricted shares that vested but were previously unreported.
- Following the reported transactions, Donnelly directly owns 7,936 shares of common stock.
- Donnelly also indirectly owns 600 shares, 1,500 shares, and 5,157 shares through restricted stock awards that vest over time.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments suggest a need to correct or update previously filed information.
Stakeholder Impact
- Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| May 10, 2022 | Date of grant for a restricted stock award that vests at a rate of 70% as of the one-year anniversary and then at 10% annually. |
| December 13, 2023 | Start date for vesting of a restricted stock award in five equal installments annually. |
| December 12, 2024 | Start date for vesting of a restricted stock award in five equal installments annually. |
| December 19, 2024 | Date of transaction where 1,538 shares of common stock were acquired at $26 per share. |
| December 23, 2024 | Date of original filing that this document amends. |
| February 13, 2025 | Date of signature on the amended report. |
Keywords
beneficial ownership, Form 4, amendment, restricted stock, Norwood Financial Corp, NWFL, James O. Donnelly, CEO
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