Lowry Robert T 4

What Happened

• Robert T. Lowry, Executive Vice President of Finward Bancorp (FNWD), made two acquisitions reported on a Form 4 filed 2026-02-27: a 50.937-share open-market/private purchase via the Dividend Reinvestment Plan (DRIP) on 2025-12-30 at $35.56/share (≈ $1,811) and a 369-share grant/award on 2026-02-25 at $36.60/share (≈ $13,505). Both transactions are listed as acquisitions (codes P and A). Combined, these acquisitions total 419.937 shares worth about $15,316.

Key Details

• Transaction dates and prices:
  • 2025-12-30: Purchase (P) — 50.937 shares @ $35.56 = $1,811 (footnote F1: acquired via Dividend Reinvestment Plan)
  • 2026-02-25: Grant/Award (A) — 369 shares @ $36.60 = $13,505
• Shares owned after the transactions: Not specified in the information provided.
• Footnote: F1 indicates the 12/30/25 shares were acquired through the Dividend Reinvestment Plan (DRIP).
• Filing timeliness: The Form 4 was filed on 2026-02-27. The 2/25/26 grant appears to have been reported within the two-business-day window; the 12/30/25 DRIP purchase was reported more than two months later and appears to have been filed late.

Context

• DRIP purchases reflect reinvested dividends buying additional shares (often fractional); they are routine and funded by dividends rather than a new out-of-pocket cash purchase.
• Grants/awards are typically compensation-related equity awards and do not necessarily indicate a market sentiment trade.
• These transactions are acquisitions (not sales); purchases and awards increase the insider's position but, without additional holdings information, do not by themselves reveal the insider's overall exposure.