Finward Bancorp (FNWD) director receives 372-share stock award

Q: What did Finward Bancorp (FNWD) director Robert W. Youman receive in this Form 4?

Director Robert W. Youman received a grant of 372 shares of Finward Bancorp common stock at $32.24 per share. The award comes under the company’s 2025 Omnibus Equity Incentive Plan and increases his directly held common shares to 806 .

Q: When do Robert W. Youman’s new Finward Bancorp (FNWD) shares vest?

The 372-share award will vest one year after issue on 05/22/2027 . Vesting means the shares fully belong to him at that date, encouraging longer-term alignment with the bank’s performance and shareholder interests.

Q: How many Finward Bancorp (FNWD) shares does Robert W. Youman hold after this award?

After the grant, Youman holds 806 common shares directly . He also reports indirect ownership of 2,691 shares as trustee, 1,221 shares in a Roth account, and 22,773 shares in an IRA, indicating substantial total exposure.

Q: What is the Finward Bancorp 2025 Omnibus Equity Incentive Plan mentioned in the Form 4?

The filing states the shares were acquired under the Finward Bancorp 2025 Omnibus Equity Incentive Plan . This plan provides equity-based compensation that meets 17CFR-240.16b-3 requirements, allowing the company to grant stock awards to eligible participants.

Q: Are Robert W. Youman’s other Finward Bancorp (FNWD) holdings direct or indirect?

Besides 806 directly owned shares, the Form 4 lists indirect holdings : 2,691 shares as trustee, 1,221 shares in a Roth account, and 22,773 shares in an IRA. These accounts show beneficial ownership through different structures.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Youman Robert W. reported acquisition or exercise transactions in this Form 4 filing.

Finward Bancorp director Robert W. Youman received a grant of 372 shares of common stock at $32.24 per share under the Finward Bancorp 2025 Omnibus Equity Incentive Plan. According to the footnote, these shares will vest one year after issue on 05/22/2027.

After this award, Youman directly holds 806 common shares. He also has indirect holdings reported as 2,691 shares as trustee, 1,221 shares in a Roth account, and 22,773 shares in an IRA, showing a meaningful ongoing equity stake aligned with shareholders.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Youman Robert W.

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	372	$32.24	$12K
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 806 shares (Direct, null); Common Stock — 22,773 shares (Indirect, IRA)

Footnotes (1)

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Key Figures

Stock grant size: 372 shares Grant price per share: $32.24/share Direct holdings after award: 806 shares +4 more

7 metrics

Stock grant size 372 shares Common stock award to director on 05/22/2026

Grant price per share $32.24/share Price for 372-share award

Direct holdings after award 806 shares Common stock directly owned by Youman after grant

Trust holdings 2,691 shares Indirect ownership as trustee

Roth account holdings 1,221 shares Indirect ownership in Roth account

IRA holdings 22,773 shares Indirect ownership in IRA

Vesting date 05/22/2027 One-year vesting schedule for 372-share award

Key Terms

Omnibus Equity Incentive Plan, vesting, Roth, IRA, +1 more

5 terms

Omnibus Equity Incentive Plan financial

"These shares were acquired by the person pursuant to Finward Bancorp 2025 Omnibus Equity Incentive Plan"

A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.

vesting financial

"and will vest in one year after issue (05/22/2027)"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

Roth financial

"nature_of_ownership: Roth"

Roth denotes a type of retirement account where you pay taxes on contributions now so qualified withdrawals in retirement are tax-free, similar to preloading a phone so later calls don’t add charges. It matters to investors because it can protect future income from taxes, offer predictable after-tax returns, and serve as a flexible tax-planning tool alongside taxable accounts and traditional (pre-tax) retirement plans.

IRA financial

"nature_of_ownership: IRA"

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

17CFR-240.16b-3 regulatory

"which meets the requirements of 17CFR-240.16b-3"

Form 4 Insider Transactions: What Each Field Means →

05/27/2026 - 01:46 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Youman Robert W.

(Last)

(First)

(Middle)

9204 COLUMBIA AVENUE

(Street)

MUNSTER

INDIANA

46321

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Finward Bancorp [ FNWD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock⁽¹⁾	05/22/2026		A		372	A	$32.24	806	D
Common Stock								22,773	I	IRA
Common Stock								1,221	I	Roth
Common Stock								2,691	I	Trustee

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. These shares were acquired by the person pursuant to Finward Bancorp 2025 Omnibus Equity Incentive Plan which meets the requirements of 17CFR-240.16b-3, and will vest in one year after issue (05/22/2027)

Remarks:

	/s/ Shannon W Pryor, POA	05/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Finward Bancorp (FNWD) director Robert W. Youman receive in this Form 4?

Director Robert W. Youman received a grant of 372 shares of Finward Bancorp common stock at $32.24 per share. The award comes under the company’s 2025 Omnibus Equity Incentive Plan and increases his directly held common shares to 806.

When do Robert W. Youman’s new Finward Bancorp (FNWD) shares vest?

The 372-share award will vest one year after issue on 05/22/2027. Vesting means the shares fully belong to him at that date, encouraging longer-term alignment with the bank’s performance and shareholder interests.

How many Finward Bancorp (FNWD) shares does Robert W. Youman hold after this award?

After the grant, Youman holds 806 common shares directly. He also reports indirect ownership of 2,691 shares as trustee, 1,221 shares in a Roth account, and 22,773 shares in an IRA, indicating substantial total exposure.

What is the Finward Bancorp 2025 Omnibus Equity Incentive Plan mentioned in the Form 4?

The filing states the shares were acquired under the Finward Bancorp 2025 Omnibus Equity Incentive Plan. This plan provides equity-based compensation that meets 17CFR-240.16b-3 requirements, allowing the company to grant stock awards to eligible participants.

Are Robert W. Youman’s other Finward Bancorp (FNWD) holdings direct or indirect?

Besides 806 directly owned shares, the Form 4 lists indirect holdings: 2,691 shares as trustee, 1,221 shares in a Roth account, and 22,773 shares in an IRA. These accounts show beneficial ownership through different structures.