Alwin Martin P 4

What Happened
Alwin Martin, a director of Finward Bancorp (FNWD), was granted 372 shares (transaction code A) on May 22, 2026. The shares are reported at $32.24 each for a total value of $11,993 and were recorded as an acquisition (award) rather than an open-market purchase.

Key Details

• Transaction date: 2026-05-22; Form 4 filing date: 2026-05-27.
• Price per share: $32.24; total reported value: $11,993.
• Vesting: These shares were granted under the Finward Bancorp 2025 Omnibus Equity Incentive Plan and will vest one year after issue (05/22/2027) (footnote). The plan meets the conditions of 17 C.F.R. §240.16b-3.
• Shares owned after the transaction: Not specified in the information provided.
• Filing timeliness: The Form 4 was submitted five days after the transaction date, which appears to be beyond the typical two-business-day filing window for Form 4s.

Context
This was an equity award (compensation/retention), not a market buy or sale. Such awards are common for directors and generally vest over time; they do not represent an immediate open-market purchase or sale. The 16b-3 designation means the award is structured to meet the short-swing profit exemption rules for corporate insiders.