Form 4: Finward Bancorp Director Joel Gorelick Disposes of Shares

Director Joel Gorelick reported the disposal of 1,460 shares of Finward Bancorp (FNWD) at a price of $24.31 on June 20, 2024.

Summary

• On June 20, 2024, Joel Gorelick, a director of Finward Bancorp (FNWD), disposed of 1,460 shares of the company's stock.
• The transaction was executed at a price of $24.31 per share.
• Following the transaction, Gorelick directly owns 50,385 shares and indirectly owns 917 shares through a spouse and an unspecified amount as custodian for children.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a transaction. The sentiment is neither positive nor negative without additional context.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) trade in their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects.

Stakeholder Impact

• The disposal of shares by a director could be perceived negatively by shareholders if they interpret it as a lack of confidence in the company's future performance.

Key Dates