Han Amy Wong 4
Research Summary
AI-generated summary
Finward (FNWD) Director Han Amy Wong Receives 372-Share Award
What Happened
Han Amy Wong, a director of Finward Bancorp (FNWD), was granted 372 shares on May 22, 2026 as an award/acquisition under the company's 2025 Omnibus Equity Incentive Plan. The grant price was reported at $32.24 per share, for a total value of $11,993. This was an award (not an open-market purchase or sale) and will vest one year after issue (May 22, 2027).
Key Details
- Transaction date and terms: 05/22/2026 — grant of 372 shares at $32.24/share (total $11,993). Transaction code: A (award/acquisition).
- Filing date: 05/27/2026 (filed five days after the transaction; Form 4s are generally due within two business days, so this filing appears late).
- Shares owned after transaction: Not specified in this Form 4 filing.
- Footnote: Shares were issued under the Finward Bancorp 2025 Omnibus Equity Incentive Plan which meets the requirements of 17 C.F.R. §240.16b-3; award vests 05/22/2027.
- No indication of a contemporaneous sale or cashless exercise in this filing.
Context
Equity awards to directors are common as compensation and typically vest over time; they are not immediate open‑market purchases that necessarily signal market timing or sentiment. Because the grant is made under a plan that meets Rule 16b‑3 requirements, it is structured to comply with insider transaction rules (short‑swing profit exemptions).