Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 56

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 56
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 an exemption is available. They may resell under the safe harbor provisions of Rule 144 under the Securities Act or as otherwise permitted under the Securities Act. We encourage any such person to obtain advice of securities counsel before reselling any Norwood common stock. PB Bankshares.PB Bankshares’ common stock is traded on the NASDAQ Capital Market under the symbol “PBBK”. The most recent trading price for PB Bankshares’ common stock reported by NASDAQ was $19.90 per share on October 27, 2025. As of October 6, 2025, PB Bankshares had approximately 168 stockholders of record. PB Bankshares has never paid dividends on its common stock. Share Information and Market Prices The table below shows the last sale prices of Norwood and PB Bankshares common stock and the equivalent price per share of PB Bankshares common stock based on the exchange ratio on July 3, 2025, the last trading day before announcement of the merger, and on October 27, 2025, the latest practicable date before printing of this proxy statement/prospectus. The table also shows the cash consideration and the estimated equivalent per share stock consideration with respect to each share of PB Bankshares common stock on the relevant date.

|                  |     | Norwood 
 Common  
 Stock   |       |     | PB         
 Bankshares 
 Common     
 Stock      |       |     | Merger        
 Consideration 
 Cash          |       |     | Stock |        |     | Estimated      
 Equivalent     
 Per Share      
 Value          
 (for Stock     
 Consideration) |       |     | Cash          
 Consideration |       |
|:-----------------|:----|:--------|------:|:----|:-----------|------:|:----|:--------------|------:|:----|:------|-------:|:----|:---------------|------:|:----|:--------------|------:|
| July 3, 2025     |     | $       | 25.77 |     | $          | 17.35 |     | $             | 19.75 |     |       | 0.7850 |     | $              | 20.23 |     | $             | 19.75 |
| October 27, 2025 |     | $       | 26.97 |     | $          | 19.90 |     | $             | 19.75 |     |       | 0.7850