Form 4: Norwood Financial Corp: Former Director Adams Reports Beneficial Ownership
SEC Filing
Joseph W. Adams, a former director of Norwood Financial Corp, filed a Form 4 detailing his beneficial ownership of common stock and restricted stock awards.
Summary
- Joseph W. Adams, a former director of Norwood Financial Corp, filed a Form 4 with the SEC.
- The filing details his beneficial ownership of Norwood Financial Corp common stock, both directly and indirectly through a spouse's IRA.
- It also includes information on restricted stock awards that vest in installments over several years.
- The filing indicates that Adams directly owns 39,747 shares of common stock.
- He also has indirect ownership of 11,345 shares through a spouse's IRA.
- Additionally, the filing lists several restricted stock awards that vest annually, starting from December 2020 through December 2024.
Sentiment
Score: 5
Explanation: This 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 holdings and transactions of company insiders. This filing is typical for former directors reporting their ongoing beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 03/19/2024 | Date of Earliest Transaction |
| 03/20/2024 | Date of signature |
| December 10, 2020 | First vesting date for one of the restricted stock awards. |
| December 8, 2021 | First vesting date for one of the restricted stock awards. |
| December 14, 2022 | First vesting date for one of the restricted stock awards. |
| December 13, 2023 | First vesting date for one of the restricted stock awards. |
| December 12, 2024 | First vesting date for one of the restricted stock awards. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.