Finward Bancorp (FNWD) director receives 434-share stock grant and holds 7,053 shares

Rhea-AI Filing Summary

Garza Danette reported acquisition or exercise transactions in this Form 4 filing.

Finward Bancorp director Danette Garza received a grant of 434 FNWD common shares on July 11, 2025 at a reported value of $27.63 per share. Following this award, she directly holds 6,453 shares and also has an additional 600 shares held indirectly through an IRA.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Garza Danette

Role Director

Type	Security	Shares	Price	Value
Grant/Award	FNWD	434	$27.63	$12K
holding	FNWD	--	--	--

Holdings After Transaction: FNWD — 6,453 shares (Direct); FNWD — 600 shares (Indirect, IRA)

Footnotes (1)

Key Figures

Shares granted: 434 shares Grant value per share: $27.63 per share Direct holdings after transaction: 6,453 shares +1 more

4 metrics

Shares granted 434 shares Grant, award, or other acquisition on July 11, 2025

Grant value per share $27.63 per share Reported price for awarded FNWD shares

Direct holdings after transaction 6,453 shares FNWD common stock held directly by Danette Garza

Indirect IRA holdings 600 shares FNWD common stock held indirectly through an IRA

Key Terms

Grant, award, or other acquisition, indirect, IRA, non-derivative

4 terms

Grant, award, or other acquisition financial

"transaction_code_description: Grant, award, or other acquisition"

indirect financial

"ownership_type: indirect"

IRA financial

"nature_of_ownership: IRA"

An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.

non-derivative financial

"transaction_type: non-derivative"

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^*

Garza Danette

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025

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
FNWD	07/11/2025		A		434	A	$27.63	6,453	D
FNWD								600	I	IRA

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/ 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 Danette Garza?

Finward Bancorp reported that director Danette Garza received a grant of 434 FNWD shares on July 11, 2025. The filing classifies this as a grant, award, or other acquisition of common stock, rather than an open-market purchase or sale.

At what price were the awarded Finward Bancorp (FNWD) shares valued?

The 434 FNWD shares awarded to director Danette Garza were valued at $27.63 per share. This price is a reporting value for the grant and does not indicate that shares were bought or sold on the open market at that price.

How many Finward Bancorp (FNWD) shares does Danette Garza hold after this Form 4?

After the reported grant, director Danette Garza directly holds 6,453 FNWD shares. The filing also shows an additional 600 shares held indirectly through an IRA, giving a fuller picture of her disclosed ownership position.

Was the Finward Bancorp (FNWD) Form 4 a buy or sell by Danette Garza?

The Form 4 shows an acquisition via grant or award, not an open-market buy or sale. The transaction code is classified as a grant, award, or other acquisition, reflecting compensation-related stock rather than a discretionary trade.

Does the Finward Bancorp (FNWD) filing show any derivative securities for Danette Garza?

The Form 4 data for director Danette Garza reports no derivative security transactions. The derivativeSummary section is empty, indicating that only non-derivative FNWD common stock positions and holdings were disclosed in this particular filing.