Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 146

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 146
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 submit the form along with the stock certificate(s) in advance of the election deadline. Allocation Procedures The aggregate amount of cash and Norwood common stock that will be paid is subject to the allocation procedures described in detail below. Pursuant to such allocation procedures, if the number of cash election shares would exceed 20% of the outstanding PB Bankshares shares, a pro rata portion of those shares will be converted into the right to receive Norwood common stock in order to provide for the required cash/stock allocation among all outstanding PB Bankshares shares. Similarly, if the number of cash election shares is less than 20% of the outstanding PB Bankshares shares, all or a pro rata portion of the non-electionshares and, if necessary, a pro rata portion of the stock election shares will be converted into the right to receive the cash consideration. If the number of cash election shares is less than 20% of the outstanding PB Bankshares shares, then:

| • |     | All cash election shares will be converted into the right to receive the cash consideration. |

| • |     | Non-election shares will be deemed to be cash election shares to the                                                                                                                                             
 extent necessary to have the total number of cash election shares (together with dissenting shares) equal 20% of the outstanding PB Bankshares shares. If less than all of the non-election shares need to be    
 treated as cash election shares, then a sufficient number of non-election shares will be deemed cash election shares on a pro rata basis such that the cash election shares plus the deemed cash election shares 
 equal 20% of the outstanding PB Bankshares shares.                                                                                                                                                               |

| • |     | If all of the non-election shares are treated as cash election shares and                                                                                                                                                                       
 the total number of cash election shares is still less than 20% of the outstanding PB Bankshares shares, a pro rata portion of each shareholder’s stock election shares will be converted into cash election shares so that the total number of 
 cash election shares (together with dissenting shares) equals 20% of the outstanding PB Bankshares shares and the remaining stock election shares will be converted into the right to receive the stock consideration.                          |

If the number of cash election shares is greater than 20% of the outstanding PB Bankshares shares, then:

| • |     | All stock election shares and all non-election shares will be converted 
 into the right to receive the stock consideration.                      |

| • |     | A pro rata portion of each shareholder