Company: NWFL
Filing Date: 2025-03-18
Form Type: DEF 14A
Source: 0001193125-25-056227
Chunk: 28

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-03-18
Form: DEF 14A
Chunk 28
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 years, and selected financial performance measures for the Company’s three most recently completed fiscal years. The methodology for calculating amounts presented in the columns “Compensation Actually Paid to PEO” [column (d)] and “Average Compensation Actually Paid to Non-PEONEOs” [column (f)], including details regarding the amounts that were deducted from, and added to, the Summary Compensation Table Totals Compensation to arrive at the values presented for Compensation Actually Paid, are provided in the footnotes to the table below. With respect to the financial performance measure, the table includes the Company’s cumulative total shareholder return (TSR) and net income as noted in the Company’s audited financial statements. Also, below is a description of the relationships between the executive compensation actually paid and the Company’s cumulative Total Shareholder Return and Net Income for the periods noted in the table. 19

<div align='center'>Pay vs Performance Table</div>

| Year 
 (a)  |     | PEO 
 (b) |          |     | Summary      
 Compensation 
 Table Total  
 for PEO      
 (c)          |         |     | Compensation  
 Actually Paid 
 to PEO        
 (d)           |         |       |     | for Non-PEO 
 (e)         |         |     | to Non-PEO 
 (f)        |         |       |     | ( (5) 
 (g)   |        |    |     | Net Income 
 (h)        |            |   |
|:-----|:----|:----|:---------|:----|:-------------|--------:|:----|:--------------|--------:|:------|:----|:------------|--------:|:----|:-----------|--------:|------:|:----|:------|-------:|---:|:----|:-----------|-----------:|:--|
| 2024 |     |     | James O. 
 Donnelly |     | $            | 874,697 |     | $             | 645,166 | -1)(3 |     | $           | 369,474 |     | $          | 309,820 | -2)(4 |     | $     | 118.99 | -6 |     | $          |   (160,000 | ) |
| 2023 |     |     | James O. 
 Donnelly |     | $            | 816,435 |     | $             |