Finward CEO adds shares via dividend reinvestment
Bochnowski Benjamin J reported open-market purchase transactions in this Form 4 filing.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Bochnowski Benjamin J reported open-market purchase transactions in this Form 4 filing.
Finward Bancorp President and CEO Benjamin J. Bochnowski increased his indirect stake in the company through its Dividend Reinvestment Plan. On the transaction date, a profit sharing account associated with him acquired 6.102 shares of common stock at $36.50 per share. After this reinvestment, indirect holdings in this account totaled 1,862.1488 shares, while his direct ownership stood at 30,686 shares of common stock.
Insider Trade Summary
Net Buyer: 6.102 shares
Net Buy
1 txn
Insider
Bochnowski Benjamin J
Role
President, CEO
Bought
6.102 shs ($222.72)
Increase in Position
0.33%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 6.102 | $36.50 | $222.72 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,862.1488 shares (Indirect, Profit Sharing);
Common Stock — 30,686 shares (Direct)
Holdings Before and After:
Common Stock, 1,856.0468 to 1,862.1488 shares (Indirect, Profit Sharing)
Other Insiders: 2 other insiders reported open-market purchases of this stock in the 30 days up to this filing.
Footnotes (1)
- F1. Shares acquired from the Dividend Reinvestment Plan
Key Figures
Shares acquired: 6.102 shares
Purchase price: $36.50 per share
Indirect holdings after transaction: 1,862.1488 shares
+2 more
5 metrics
Shares acquired
6.102 shares
Dividend Reinvestment Plan purchase of common stock
Purchase price
$36.50 per share
Price for 6.102 common shares acquired
Indirect holdings after transaction
1,862.1488 shares
Common stock held indirectly via profit sharing account
Direct holdings after transaction
30,686 shares
Common stock held directly by the CEO
Net share change
6.102 shares (net buy)
Net buy direction from transaction summary
Key Terms
Dividend Reinvestment Plan, open-market purchase, Profit Sharing, Common Stock
4 terms
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.
Profit Sharing financial
"nature_of_ownership: Profit Sharing"
A profit sharing arrangement is a plan where a company sets aside a portion of its profits to distribute to stakeholders—commonly employees, partners, or sometimes investors—as cash, stock, or bonuses. For investors, it matters because profit sharing changes how much profit the company retains for reinvestment versus what is paid out, affecting future growth, employee motivation, and the company’s reported earnings much like how slicing a pie differently changes how much each person and the kitchen keep.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Finward Bancorp (FNWD) report for its CEO?
Finward Bancorp reported that President and CEO Benjamin J. Bochnowski acquired 6.102 shares of common stock through the company’s Dividend Reinvestment Plan. The shares were credited to a profit sharing account at a price of $36.50 per share.
Is the Finward Bancorp (FNWD) CEO’s new position direct or indirect ownership?
The 6.102 newly acquired shares are held as indirect ownership in a profit sharing account. Following this transaction, he indirectly held 1,862.1488 shares and separately held 30,686 shares as direct ownership in his own name.
What are Benjamin J. Bochnowski’s total reported Finward Bancorp (FNWD) holdings after the transaction?
After the reported activity, Bochnowski’s filing shows 1,862.1488 shares of common stock held indirectly through a profit sharing arrangement and 30,686 shares held directly. The filing highlights these positions as his post-transaction holdings on the transaction date.
How is the Finward Bancorp (FNWD) Dividend Reinvestment Plan involved in this Form 4?
The Form 4 states that the CEO’s 6.102-share acquisition came from the Dividend Reinvestment Plan. This means cash dividends were automatically reinvested into additional Finward Bancorp common shares instead of being paid out in cash to the account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
