Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 163

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 163
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73,715 |     | $             |  28,029 |     | $                | 28,029 |
| Janak M. Amin    |     |                | 1,762,993 | -3 |     | $               | 220,374 |     | $               | 518,567 |     | $             | 219,399 |     | $                | 20,759 |

| (1) | This is an estimate of the change in control severance payment that each executive would receive in the event                                                                                                                                  
 of such termination of employment resulting from the merger as a change in control event, including the reimbursement for medical insurance continuation for the applicable periods specified in the individual’s respective change in control 
 agreement or employment agreement.                                                                                                                                                                                                             |

| (2) | As of July 30, 2025, Mr. Byers and Mr. Witt each entered into an employment agreement and a non-competition and non-solicitation agreement with Norwood and Wayne Bank (See “Employment Agreements and Non-Competition and Non-Solicitation Agreements with Other Executive Officers” below). Accordingly, Mr. Byers and Mr. Witt are anticipated to continue as executive officers of Wayne Bank following the merger and, 
 therefore, will not be eligible to receive a change in control severance payment amount under their Presence Bank change in control agreements.                                                                                                                                                                                                                                                                             |

| (3) | As noted below at “Employment Agreement and Non-Competition                                                                                                                                     
 Agreement with Mr. Janak M. Amin”, Mr. Amin has waived his right to any severance payment under his Presence Bank employment agreement as part of the terms of a new Employment Agreement and a 
 Non-Competition and Non-Solicitation Agreement with Norwood and Wayne Bank, each dated as of July 7, 2025.                                                                                      |

| (4) | Each participant in the SERP will receive an additional accrual as a SERP benefit amount equal to the amount                                                                               
 accrued to his SERP benefit during the 24 month period immediately prior to the date of the change in control. Such additional accrual is not contingent on any termination of employment. |

| (5) | The estimated value of the stock options being cashed-out equals the                                                                                                                                                                                      
 difference between the merger cash amount of $19.75 per share and the option exercise price times the total number of unexercised stock options held by such individual as of the merger date. This amount is calculated