Bochnowski Benjamin J 4

What Happened

Benjamin J. Bochnowski, President, CEO and Director of Finward Bancorp (FNWD), reported two acquisitions: a 697-share award (code A) on Feb 25, 2026 at $36.60/share totaling $25,510, and an open-market/private purchase (code P) of 6.243 shares on Dec 30, 2025 at $35.56/share totaling $222. The larger item is a compensation award (grant); the smaller purchase came through the Dividend Reinvestment Plan (see footnote F1). These were purchases/awards (not sales), which are generally interpreted as the insider acquiring stock rather than disposing of it.

Key Details

• Transaction dates and prices:
  • 2025-12-30: Purchase (P) — 6.243 shares @ $35.56 = $222 (acquired via Dividend Reinvestment Plan; F1).
  • 2026-02-25: Award/Grant (A) — 697 shares @ $36.60 = $25,510 (acquired as compensation award).
• Shares owned after transaction: Not specified in the provided filing summary.
• Footnotes: F1 — shares acquired from the Dividend Reinvestment Plan (applies to the 6.243-share transaction).
• Filing timeliness: Form 4 was filed on 2026-02-27. The Dec 30, 2025 DRIP purchase was reported over a month later (filed Feb 27), which is later than the usual two-business-day reporting window; the Feb 25 award was reported promptly on Feb 27.

Context

• Code A indicates a grant/award (likely compensation such as restricted stock or similar), not a market buy; such grants are common for executive compensation and do not necessarily signal a market-driven purchase.
• The small P transaction is a dividend reinvestment (automatic reinvestment of dividends into fractional shares), a routine way insiders accumulate shares.
• Both transactions increase the insider’s stake; purchases/awards are factual actions rather than explanations of intent.