Finward Bancorp (FNWD) director awarded shares and makes small DRIP buy

Rhea-AI Filing Summary

Finward Bancorp director Robert E. Johnson III increased his direct holdings through compensation and a small market purchase. On May 22, 2026, he acquired 372 shares of common stock as a grant under the Finward Bancorp 2025 Omnibus Equity Incentive Plan at a reference value of $32.24 per share. These granted shares will vest one year after issue on May 22, 2027. On June 30, 2026, he made an additional open-market purchase of 5.453 shares at $35.75 per share through the Dividend Reinvestment Plan. Following these transactions, he holds 3,752.9379 shares of Finward Bancorp common stock directly.

Insights

Bank equity and insider-transactions analyst

Routine director grant and tiny DRIP purchase modestly lift holdings.

Director Robert E. Johnson III received 372 Finward Bancorp shares as an equity grant under the 2025 Omnibus Equity Incentive Plan, with a reference value of $32.24 per share. This is standard board compensation rather than a discretionary market trade.

He also executed a very small open-market purchase of 5.453 shares at $35.75 per share via the Dividend Reinvestment Plan, bringing his direct position to 3,752.9379 shares. The scale and structure of these transactions suggest routine compensation and reinvestment activity, not a thesis-changing signal.

Insider Trade Summary

Net Buyer: 5.453 shares ($195)

Net Buy 2 txns

Insider Johnson Robert E. III

Role null

Bought 5.453 shs ($194.94)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5.453	$35.75	$194.94
Grant/Award	Common Stock	372	$32.24	$12K

Holdings After Transaction: Common Stock — 3,752.938 shares (Direct, null)

Footnotes (1)

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) Shares acquired from the Dividend Reinvestment Plan

Key Figures

Equity grant size: 372 shares Grant reference price: $32.24 per share Open-market/DRIP purchase: 5.453 shares at $35.75 +2 more

5 metrics

Equity grant size 372 shares Common stock grant under 2025 Omnibus Equity Incentive Plan on May 22, 2026

Grant reference price $32.24 per share Value used for 372-share grant on May 22, 2026

Open-market/DRIP purchase 5.453 shares at $35.75 Dividend Reinvestment Plan purchase on June 30, 2026

Holdings after transactions 3,752.9379 shares Director’s direct common stock position following reported Form 4 trades

Grant vesting date May 22, 2027 Vesting date for 372-share equity grant

Key Terms

Finward Bancorp 2025 Omnibus Equity Incentive Plan, Dividend Reinvestment Plan, open-market purchase, grant/award acquisition

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"

Dividend Reinvestment Plan financial

"Shares acquired from the Dividend Reinvestment Plan"

A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.

open-market purchase financial

"transaction_action: open-market purchase"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

grant/award acquisition financial

"transaction_action: grant/award acquisition"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 08:58 AM Accepted by SEC EDGAR 07/02/2026 - 08:57 AM Learn about SEC filing dates

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^*

Johnson Robert E. III

(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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/22/2026		A		372(1)	A	$32.24	3,747.4849	D
Common Stock	06/30/2026		P		5.453(2)	A	$35.75	3,752.9379	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

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)

2. Shares acquired from the Dividend Reinvestment Plan

Remarks:

	/s/ Shannon W Pryor, POA	07/02/2026
	** 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)

FAQ

What insider transactions did Finward Bancorp (FNWD) disclose for Robert E. Johnson III?

Finward Bancorp reported that director Robert E. Johnson III received a grant of 372 common shares and made a small open-market purchase of 5.453 shares. Both transactions increased his direct ownership and appear to be routine compensation and dividend reinvestment activity.

How many Finward Bancorp (FNWD) shares did the director buy on the market?

Robert E. Johnson III purchased 5.453 shares of Finward Bancorp common stock at $35.75 per share. The transaction was executed through the company’s Dividend Reinvestment Plan, indicating automatic reinvestment of dividends rather than a large discretionary open-market trade.

What equity award did Finward Bancorp (FNWD) grant to director Robert E. Johnson III?

Finward Bancorp granted Robert E. Johnson III 372 shares of common stock under its 2025 Omnibus Equity Incentive Plan at a reference value of $32.24 per share. The grant represents routine board compensation rather than a cash purchase of shares by the director.

When do the granted Finward Bancorp (FNWD) shares vest for the director?

The 372 shares granted to Robert E. Johnson III under the 2025 Omnibus Equity Incentive Plan will vest one year after issue, on May 22, 2027. Until vesting, they remain subject to the plan’s standard terms and conditions.

What is Robert E. Johnson III’s total Finward Bancorp (FNWD) shareholding after these transactions?

After the equity grant and the small Dividend Reinvestment Plan purchase, Robert E. Johnson III directly holds 3,752.9379 shares of Finward Bancorp common stock. This figure reflects his updated position following the reported Form 4 transactions.