Finward Bancorp (FNWD) director receives 372-share equity grant under 2025 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Han Amy Wong reported acquisition or exercise transactions in this Form 4 filing.
Finward Bancorp director Han Amy Wong received a grant of 372 shares of Common Stock as equity compensation. The shares were awarded at a reference price of $32.24 per share under the Finward Bancorp 2025 Omnibus Equity Incentive Plan and will vest one year after issue on 05/22/2027. After this grant, Wong directly holds a total of 8,556.5386 Common Stock shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Han Amy Wong
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 372 | $32.24 | $12K |
Holdings After Transaction:
Common Stock — 8,556.539 shares (Direct, null)
Footnotes (1)
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Key Figures
Equity award size: 372 shares
Grant price: $32.24 per share
Post-transaction holdings: 8,556.5386 shares
+1 more
4 metrics
Equity award size
372 shares
Common Stock grant to director Han Amy Wong
Grant price
$32.24 per share
Reference value reported for the stock award
Post-transaction holdings
8,556.5386 shares
Total Common Stock held directly after grant
Vesting date
05/22/2027
Equity award vests one year after issue
Key Terms
Finward Bancorp 2025 Omnibus Equity Incentive Plan, 17CFR-240.16b-3, vest, Common Stock
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"
vest financial
"and will vest in one year after issue (05/22/2027)"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
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.
FAQ
What insider transaction did Finward Bancorp (FNWD) report for Han Amy Wong?
Finward Bancorp reported that director Han Amy Wong received a grant of 372 shares of Common Stock. The award was made under the company’s 2025 Omnibus Equity Incentive Plan as a form of equity compensation, rather than an open-market purchase.
At what price was the equity award to Finward Bancorp (FNWD) director Han Amy Wong recorded?
The 372-share equity award to director Han Amy Wong was recorded at $32.24 per share. This price is a reporting value used in the Form 4 and reflects the reference amount for the grant, not necessarily an executed market trade price.
Under which plan was the Finward Bancorp (FNWD) equity award to Han Amy Wong granted?
The equity award to director Han Amy Wong was granted under the Finward Bancorp 2025 Omnibus Equity Incentive Plan. The filing notes that this plan meets the requirements of Rule 16b-3 under 17CFR-240, which governs certain insider equity compensation transactions.