Form 4: Finward Bancorp Director Acquires Shares Under Pre-Arranged Plan

Finward Bancorp Director Martin P. Alwin acquired 434 shares of common stock at $27.63 per share on July 11, 2025, as part of a Rule 10b5-1(c) plan.

Summary

• Martin P. Alwin, a Director of Finward Bancorp (FNWD), acquired 434 shares of common stock.
• The transaction occurred on July 11, 2025.
• The shares were acquired at a price of $27.63 per share.
• The acquisition was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
• Following this transaction, Martin P. Alwin directly owns 434 shares of common stock.
• Additionally, Martin P. Alwin indirectly owns 1,911 shares of common stock through a 401K plan.

Sentiment

Score: 5

Explanation: The document reports a routine insider stock acquisition under a pre-arranged plan, which is generally neutral in sentiment. It does not contain information that would significantly alter the company's outlook or financial health.

Future Outlook

NA

Industry Context

This is a routine insider transaction disclosure for a financial institution, indicating a director's acquisition of company stock. Such transactions are common and often occur under pre-arranged trading plans (Rule 10b5-1) to avoid accusations of insider trading.

Stakeholder Impact

• Shareholders: Provides transparency regarding insider stock ownership changes, which is standard regulatory disclosure.

Key Dates

Keywords

Finward Bancorp, FNWD, SEC Form 4, Insider Transaction, Stock Acquisition, Director, Rule 10b5-1, Common Stock