---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-165190"
form_type: "8-K"
ticker: "NWFL"
cik: "0001013272"
company_name: "NORWOOD FINANCIAL CORP"
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T02:41:09.189572+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Norwood Financial adopts deferred compensation plans for executives and directors

## Summary
- Executive Elective Deferral Plan allows eligible management to defer salary & bonus; interest = WSJ prime + 200 bps (max 9%, min 2%).
- Director Deferred Fee Plan permits non-employee directors to defer cash fees; same interest rate structure.
- Both plans are unfunded, unsecured liabilities; conform to IRC Section 409A.
- Deferral elections for 2024 must be made within 30 days of eligibility; future years by prior year-end.
- Interest retroactively drops to 2% if participant violates non-compete/non-solicitation provisions.

## SEC filing metadata
- accession: 0001193125-24-165190
- form_type: 8-K
- ticker: NWFL
- cik: 0001013272
- company_name: NORWOOD FINANCIAL CORP
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013272/000119312524165190/0001193125-24-165190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013272/000119312524165190/d713937d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-165190
- JSON: https://secwatch.observer/filing/0001193125-24-165190.json
- Plain text: https://secwatch.observer/filing/0001193125-24-165190.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.