Finward Bancorp (FNWD) CFO granted 419 common shares in equity award

Rhea-AI Filing Summary

Schmitt Benjamin Louis reported acquisition or exercise transactions in this Form 4 filing.

Finward Bancorp reported that Chief Financial Officer Benjamin Louis Schmitt was granted 419 shares of common stock at $36.60 per share. This award increased his directly held stake to 5,995.9137 common shares, reflecting a routine equity-based compensation transaction rather than an open-market purchase.

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

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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^*

Schmitt Benjamin Louis

(Last) (First) (Middle)

9204 COLUMBIA AVENUE

(Street)

MUNSTER IN 46321

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/25/2026

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

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

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

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	02/25/2026		A		419	A	$36.6	5,995.9137	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:

Remarks:

	/s/ Timothy M Artus	02/27/2026
	** 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).
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FAQ

What insider transaction did Finward Bancorp (FNWD) report for its CFO?

Finward Bancorp disclosed that CFO Benjamin Louis Schmitt received a grant of 419 common shares. The shares were awarded as equity compensation, not bought on the open market, and are now held directly as part of his overall ownership stake.

How many Finward Bancorp (FNWD) shares does the CFO own after this Form 4?

After the grant, CFO Benjamin Louis Schmitt holds 5,995.9137 Finward Bancorp common shares directly. This total includes the newly awarded 419 shares reported in the Form 4 insider filing as a routine equity-based compensation transaction.

Was the Finward Bancorp (FNWD) CFO transaction a stock purchase or a grant?

The transaction was a grant, coded as an award acquisition (code A), not an open-market stock purchase. The CFO received 419 common shares as compensation at a reported price of $36.60 per share in the Form 4 filing.

What price per share was reported for the Finward Bancorp (FNWD) CFO’s stock award?

The reported price for the CFO’s 419-share award was $36.60 per common share. This figure reflects the value used in the Form 4 disclosure for the equity grant, which increased his directly held ownership in the company.

Does the Finward Bancorp (FNWD) Form 4 indicate direct or indirect ownership for the CFO?

The Form 4 shows that Benjamin Louis Schmitt’s 5,995.9137 common shares, including the 419-share grant, are held with direct ownership. The ownership code is listed as “D,” indicating the shares are personally and directly attributed to him.