Company: NWFL
Filing Date: 2025-09-19
Form Type: S-4
Source: 0001193125-25-208580
Chunk: 184

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-09-19
Form: S-4
Chunk 184
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 incorporated by reference into this proxy statement/prospectus. PB Bankshares stockholders are urged to read the form of voting agreement carefully and in its entirety, as well as this proxy statement/prospectus and the information incorporated by reference into this proxy statement/prospectus, before making any decisions regarding the proposals. Pursuant to the separate voting agreements between Norwood and each of the PB Bankshares directors and executive officers, which were executed concurrently with the execution of the merger agreement, the directors and executive officers of PB Bankshares have agreed:

| • |     | to vote, or cause to be voted, all of the shares over which they have sole voting power, in person or by proxy,                                                                                                                                
 (a) for approval of the merger agreement at any meeting of the PB Bankshares shareholders duly held for such purpose and (b) against any action that is intended, or could reasonably be expected, to impede, interfere with, delay, postpone, 
 or adversely affect the transactions contemplated by the Agreement, unless and until the merger agreement is terminated;                                                                                                                       |

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| • |     | they will use their reasonable efforts to cause any shares over which they share voting power to be voted in the 
 same manner as described above;                                                                                  |

| • |     | they will not, nor will they permit any entity under their control to, deposit any of the shares over which they                                                                                         
 hold or share voting power in a voting trustor subject any of the shares to any arrangement with respect to the voting of the shares, in each case in any manner inconsistent with the voting agreement; |

| • |     | they will not sell, transfer, pledge, give, hypothecate, assign or otherwise alienate or transfer, by proxy or                             
 otherwise, any shares over which they share or hold the power of disposition or any of their voting rights with respect to the shares; and |

| • |     | each PB Bankshares director (who is not an employee of Presence Bank) also agreed as part of the voting                                                                                                                                                   
 agreement, in order to support this proposed transaction, not to engage in any Competition (as defined in such agreement) with Norwood, Wayne Bank, PB Bankshares or Presence Bank or any affiliate or subsidiary of any of the foregoing for a period of 
 twelve months after the Effective Time of the Merger or six months following cessation of his or her service as a member of a regional advisory board to be established by Norwood or Wayne Bank following the Effective Time of the Merger.              |

The