Form 4: Norwood Financial Corp Director Andrew Forte Reports Acquisition of Common Stock
SEC Form 4 Filing
Director Andrew Forte reports the acquisition of 485 shares of Norwood Financial Corp common stock at $24.50 per share.
Summary
- On April 25, 2025, Andrew Forte, a director of Norwood Financial Corp, acquired 485 shares of common stock at a price of $24.50 per share.
- Following the transaction, Forte directly owns 9,841 shares of common stock.
- Forte also indirectly owns 6,405 shares through an IRA and 7,144 shares through Forte, Inc.
- Additionally, Forte indirectly holds restricted stock awards that vest in installments over several years.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock purchase by a director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The director's purchase of shares may signal confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock.
Stakeholder Impact
- The transaction may have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 12/08/2021 | First vesting date for one of the restricted stock awards. |
| 12/14/2022 | First vesting date for one of the restricted stock awards. |
| 12/13/2023 | First vesting date for one of the restricted stock awards. |
| 12/12/2024 | First vesting date for one of the restricted stock awards. |
| 04/25/2025 | Date of the transaction where Andrew Forte acquired 485 shares of common stock. |
| 12/15/2025 | First vesting date for two of the restricted stock awards. |
| 04/28/2025 | Date of the report filing. |
Keywords
Norwood Financial Corp, Andrew Forte, Form 4, Beneficial Ownership, Common Stock, Director, Securities, Acquisition, Restricted Stock Award
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