Company: NWFL
Filing Date: 2025-10-28
Form Type: 424B3
Source: 0001193125-25-252482
Chunk: 180

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-10-28
Form: 424B3
Chunk 180
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shares employees who have not                                                           
 entered into an employment agreement with Norwood will be entitled to a retention bonus if they remain employed with Wayne for a specified duration following the merger. |

Voting Agreements The following section summarizes material provisions of the separate voting agreements (each, a “voting agreement”), dated as of July 7, 2025, between Norwood and each of PB Bankshares’ directors and executive officers. A form of the voting agreements is attached to this proxy statement/prospectus as Annex C and is incorporated by reference herein and qualifies the following summary in its entirety. The rights and obligations of parties to the voting agreements are governed by the voting agreement and not by this summary or any other information contained in or 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