Scheub Todd M. 4

What Happened

Todd M. Scheub, Executive Vice President of Finward Bancorp (FNWD), reported a purchase of 38.956 shares on June 30, 2026. The shares were acquired at $36.00 each for a total reported value of $1,402. This was a purchase (acquisition) through the company's Dividend Reinvestment Plan, which is a routine way for insiders to reinvest dividends into additional shares.

Key Details

• Transaction date: 2026-06-30; reported on Form 4 filed 2026-07-01.
• Transaction type/code: Purchase (P) — open market/private purchase via Dividend Reinvestment Plan.
• Price per share: $36.00; Shares acquired: 38.956; Total value: $1,402.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: F1 — Shares acquired from the Dividend Reinvestment Plan.
• Filing timeliness: Form 4 was filed the day after the transaction; no late filing flag indicated.

Context

A Dividend Reinvestment Plan (DRIP) purchase like this typically reflects automatic reinvestment of dividends rather than an active market-timed buy. The dollar amount is small ($~1.4K), so while purchases are generally viewed as a more bullish signal than sales, this appears to be a routine dividend reinvestment transaction rather than a significant directional stake change.