Form 4: Finward Bancorp Executive Vice President Reports Stock Sale
SEC Form 4 Filing
Robert T. Lowry, an Executive Vice President at Finward Bancorp, reported the sale of 0.9881 shares of company stock at a price of $24.31 on May 15, 2024.
Summary
- On May 15, 2024, Robert T. Lowry, an Executive Vice President of Finward Bancorp, filed a Form 4 to report changes in beneficial ownership.
- The report indicates that Lowry sold 0.9881 shares of Finward Bancorp (FNWD) stock at a price of $24.31.
- Following the transaction, Lowry directly owns 9,505 shares.
- Lowry also indirectly owns 13,948 shares through a profit-sharing plan, 720 shares through a spousal IRA, and 2,342 shares through his IRA.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This allows the market to see if insiders are buying or selling their company's stock.
Stakeholder Impact
- The stock sale by an executive may have a minor impact on shareholder sentiment, depending on the size and context of the transaction.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock sale transaction. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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