What are the terms of Joel Gorelick’s 372-share Finward Bancorp stock award?

The 372-share award of Finward Bancorp Common Stock was granted at $32.24 per share under the 2025 Omnibus Equity Incentive Plan. According to the disclosure footnote, these shares will vest in one year after issue, on May 22, 2027.

Finward Bancorp (FNWD) director awarded 372 common shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

GORELICK JOEL reported acquisition or exercise transactions in this Form 4 filing.

Finward Bancorp director Joel Gorelick received a grant of 372 shares of Common Stock at $32.24 per share as an equity award. The shares were issued under the Finward Bancorp 2025 Omnibus Equity Incentive Plan and will vest one year after issue on May 22, 2027.

Following the award, Gorelick holds 2,492 shares directly, plus 917 shares indirectly through a spouse and 48,558 shares indirectly through an IRA. This is a compensation-related stock grant rather than an open-market purchase or sale.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider GORELICK JOEL

Role null

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

Holdings After Transaction: Common Stock — 2,492 shares (Direct, null); Common Stock — 48,558 shares (Indirect, IRA)

Footnotes (1)

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Key Figures

Stock grant size: 372 shares Grant price: $32.24 per share Direct holdings after grant: 2,492 shares +3 more

6 metrics

Stock grant size 372 shares Common Stock award to director Joel Gorelick

Grant price $32.24 per share Price for 372-share Common Stock award

Direct holdings after grant 2,492 shares Joel Gorelick direct Common Stock ownership post-award

Spouse indirect holdings 917 shares Common Stock held indirectly through spouse

IRA indirect holdings 48,558 shares Common Stock held indirectly through IRA

Vesting date May 22, 2027 One-year vesting for 372-share award

Key Terms

Finward Bancorp 2025 Omnibus Equity Incentive Plan, 17CFR-240.16b-3, Common Stock, IRA

4 terms

Finward Bancorp 2025 Omnibus Equity Incentive Plan financial

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

17CFR-240.16b-3 regulatory

"which meets the requirements of 17CFR-240.16b-3, and will vest in one year"

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

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.

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Form 4 Insider Transactions: What Each Field Means →

05/27/2026 - 01:39 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^*

GORELICK JOEL

(Last)

(First)

(Middle)

9204 COLUMBIA

(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	2,492	D
Common Stock								48,558	I	IRA
Common Stock								917	I	Spouse

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 insider transaction did Finward Bancorp (FNWD) director Joel Gorelick report?

Director Joel Gorelick reported receiving a grant of 372 shares of Finward Bancorp Common Stock at $32.24 per share. The award is compensation-related stock, not an open-market purchase or sale, and was made under the company’s 2025 Omnibus Equity Incentive Plan.

How many Finward Bancorp shares does Joel Gorelick hold after the latest grant?

After the grant, Joel Gorelick holds 2,492 Finward Bancorp shares directly. He also has 917 shares held indirectly through a spouse and 48,558 shares held indirectly through an IRA, according to the reported holdings in the same Form 4 disclosure.

Is Joel Gorelick’s Finward Bancorp stock award an open-market purchase?

No, the 372-share transaction is a grant or award under Finward Bancorp’s 2025 Omnibus Equity Incentive Plan. It represents equity compensation approved under Rule 16b-3 rather than an open-market buy or sell decision in the company’s stock.

How are Joel Gorelick’s indirect Finward Bancorp holdings structured?

The disclosure shows 917 Finward Bancorp shares held indirectly through a spouse and 48,558 shares held indirectly through an IRA. These are reported as indirect ownership interests, in addition to his 2,492 directly owned shares after the latest stock award.