Garza Danette 4

What Happened

Danette Garza, a director of Finward Bancorp (FNWD), was granted 434 shares as an award (transaction code A) on July 11, 2025. The grant was valued at $27.63 per share, for a total reported value of $11,991. This was an acquisition via company award/compensation, not an open‑market purchase or sale.

Key Details

• Transaction date and price: 2025-07-11 — 434 shares @ $27.63 each (total ~$11,991).
• Transaction type: Award/Grant (SEC code A) — acquisition through compensation.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: Form 4 filed April 1, 2026 — the report was submitted well after the transaction date (appears late under Section 16 reporting rules).
• Footnotes/other plans: No 10b5‑1 plan, tax‑withholding, or other footnotes were provided in the excerpt.

Context

Grants like this are typically part of director compensation and reflect issuance by the company rather than an insider buying shares on the open market. While acquisitions can be interpreted positively, awards are often routine compensation and do not alone indicate a change in the director’s view of the company. The late filing reduces timely transparency for investors; Section 16 requires prompt reporting of such transactions.