Finward Bancorp (FNWD) EVP boosts stake through dividend reinvestment plan

Rhea-AI Filing Summary

Scheub Todd M. reported open-market purchase transactions in this Form 4 filing.

Finward Bancorp Executive Vice President Todd M. Scheub increased his stake through the company’s dividend reinvestment plan. On the transaction date, a profit-sharing account associated with him acquired 38.2979 shares of common stock at $36.50 per share. After this reinvestment, that indirect profit-sharing account held 11,687.7222 shares, and he also reported 7,078 common shares held directly. This type of dividend reinvestment is a routine, automatic way to accumulate additional stock rather than an active open-market trade.

Insider Trade Summary

Net Buyer: 38.298 shares ($1,398)

Net Buy 2 txns

Insider Scheub Todd M.

Role Executive Vice President

Bought 38.298 shs ($1K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	38.298	$36.50	$1K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 11,687.722 shares (Indirect, Profit Sharing); Common Stock — 7,078 shares (Direct)

Footnotes (1)

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Key Figures

Shares acquired: 38.2979 shares Purchase price: $36.50 per share Indirect holdings after transaction: 11,687.7222 shares +1 more

4 metrics

Shares acquired 38.2979 shares Common Stock acquired via Dividend Reinvestment Plan

Purchase price $36.50 per share Price for shares acquired through reinvestment

Indirect holdings after transaction 11,687.7222 shares Profit-sharing account common stock position

Direct holdings after transaction 7,078 shares Directly held common stock position

Key Terms

Dividend Reinvestment Plan, Profit Sharing, indirect ownership, open-market purchase

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.

Profit Sharing financial

"direct_or_indirect: "I", 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.

indirect ownership financial

"ownership_type: "indirect", ownership_code: "I""

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.

Form 4 Insider Transactions: What Each Field Means →

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^*

Scheub Todd M.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Vice President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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								7,078	D
Common Stock	03/31/2026		P		38.2979(1)	A	$36.5	11,687.7222	I	Profit Sharing

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. Shares acquired from the Dividend Reinvestment Plan

Remarks:

	/s/ Shannon W Pryor, POA	04/01/2026
	** 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 transaction did Finward Bancorp (FNWD) report for Todd M. Scheub?

Finward Bancorp reported that Executive Vice President Todd M. Scheub acquired 38.2979 common shares. The shares were obtained through the company’s Dividend Reinvestment Plan and are held indirectly in a profit-sharing account associated with him.

At what price did Todd M. Scheub acquire Finward Bancorp (FNWD) shares?

Todd M. Scheub acquired the new Finward Bancorp shares at $36.50 per share. The purchase occurred through the Dividend Reinvestment Plan, meaning cash dividends were automatically reinvested into additional common stock instead of being paid out.

How many Finward Bancorp (FNWD) shares does Todd M. Scheub hold after this filing?

After the reported transaction, Todd M. Scheub’s profit-sharing account held 11,687.7222 Finward Bancorp common shares, reported as indirect ownership. He also reported 7,078 common shares held directly in his own name.

Was Todd M. Scheub’s Finward Bancorp (FNWD) share acquisition an open-market purchase?

Although coded as a purchase, the filing footnote clarifies the shares came from the Dividend Reinvestment Plan. This indicates dividends were automatically reinvested into stock, rather than Scheub executing a discretionary open-market trade.

What does ‘Profit Sharing’ ownership mean in the Finward Bancorp (FNWD) Form 4?

The Form 4 notes that some Finward Bancorp shares are held indirectly under “Profit Sharing.” This typically refers to a profit-sharing or retirement-type plan account where the insider has an interest, rather than shares being held directly in a personal brokerage account.