Finward Bancorp (FNWD) EVP acquires shares via grant and Dividend Reinvestment Plan

Rhea-AI Filing Summary

Finward Bancorp Executive Vice President Todd M. Scheub reported two acquisitions of company common stock. On February 25, 2026, he acquired 529 shares of common stock as a grant or award at a price of $36.60 per share, held directly.

On December 30, 2025, he also purchased 39.1831 shares of common stock at $35.56 per share through an indirect Profit Sharing arrangement, with a footnote stating these shares were acquired via a Dividend Reinvestment Plan.

Insider Trade Summary

Net Buyer: 39.183 shares ($1,393)

Net Buy 2 txns

Insider Scheub Todd M.

Role Executive Vice President

Bought 39.183 shs ($1K)

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	529	$36.60	$19K
Purchase	Common Stock	39.183	$35.56	$1K

Holdings After Transaction: Common Stock — 7,078 shares (Direct); Common Stock — 11,649.424 shares (Indirect, Profit Sharing)

Footnotes (1)

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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 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)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
12/30/2025

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	12/30/2025		P		39.1831(1)	A	$35.56	11,649.4243	I	Profit Sharing
Common Stock	02/25/2026		A		529	A	$36.6	7,078	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. Shares acquired from the Dividend Reinvestment Plan

Remarks:

	/s/ Timothy 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).
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.

FAQ

What insider transactions did FNWD executive Todd M. Scheub report on this Form 4?

Todd M. Scheub reported two acquisitions of Finward Bancorp (FNWD) common stock: a 529-share grant at $36.60 per share and a 39.1831-share purchase at $35.56 per share through a profit-sharing arrangement linked to a Dividend Reinvestment Plan.

Was the FNWD insider transaction by Todd M. Scheub a purchase or a grant?

The Form 4 for Finward Bancorp (FNWD) shows both a grant and a purchase. Scheub received 529 shares as a stock grant or award, and separately bought 39.1831 shares in a transaction coded as an open-market or private purchase through an indirect profit-sharing account.

How many Finward Bancorp shares did Todd M. Scheub acquire through awards versus purchases?

Todd M. Scheub acquired 529 Finward Bancorp (FNWD) shares via a stock grant or award and 39.1831 shares through a purchase transaction. The grant is held directly, while the purchased shares are held indirectly in a profit-sharing account associated with a Dividend Reinvestment Plan.

What is the nature of ownership for Todd M. Scheub’s FNWD shares on this Form 4?

The Form 4 shows Todd M. Scheub directly owning the 529-share award of Finward Bancorp (FNWD) common stock. The 39.1831 purchased shares are reported as indirectly owned, categorized under “Profit Sharing,” and are linked by footnote to a Dividend Reinvestment Plan.

At what prices did Todd M. Scheub acquire Finward Bancorp common stock?

According to the Form 4, Todd M. Scheub’s 529-share stock grant or award in Finward Bancorp (FNWD) is valued at $36.60 per share, while his 39.1831-share purchase through a profit-sharing account occurred at a price of $35.56 per share.