Form 4: Finward Bancorp Executive Vice President Acquires and Disposes of Shares
SEC Form 4 Filing
Executive Vice President of Finward Bancorp, Todd M. Scheub, reports changes in beneficial ownership of company stock, including acquisitions and disposals.
Summary
- Todd M. Scheub, an Executive Vice President at Finward Bancorp, filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's stock.
- On February 2, 2024, Scheub acquired 1,017 shares of Finward Bancorp at a price of $24.3 per share.
- Also on February 2, 2024, Scheub disposed of 5,016 shares of Finward Bancorp.
- Following these transactions, Scheub directly owns 0 shares and indirectly owns 10,875 shares through a profit-sharing plan.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by an executive, with no inherent positive or negative sentiment. It simply reflects changes in ownership.
Industry Context
Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company stock, ensuring transparency and compliance with securities regulations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a company executive.
Key Dates
| Date | Description |
|---|---|
| 02/02/2024 | Acquisition of 1,017 shares and disposal of 5,016 shares of Finward Bancorp stock. |
| 03/21/2024 | Date of signature on the Form 4 filing. |
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