Johnson Robert E. III 4

What Happened Robert E. Johnson III, a director of Finward Bancorp (FNWD), was awarded 372 shares on 2026-05-22 under the Finward Bancorp 2025 Omnibus Equity Incentive Plan (value ≈ $11,993 at $32.24/share). He also acquired 5.453 shares on 2026-06-30 through the company’s Dividend Reinvestment Plan (DRIP) at $35.75/share (≈ $195). The 372-share award is an equity grant (not a sale) — generally a neutral-to-bullish signal since it increases insider ownership but vests after a set period.

Key Details

• Primary award: 372 shares on 2026-05-22 at $32.24 each; total value ≈ $11,993. (Transaction code A — award/grant.)
• DRIP purchase: 5.453 shares on 2026-06-30 at $35.75 each; total ≈ $195. (Transaction code P — purchase.)
• Vesting: The 372 awarded shares vest one year after issue (05/22/2027) per footnote F1; award was granted under a plan that meets Rule 16b-3.
• DRIP note: The small purchase was via the Dividend Reinvestment Plan (footnote F2), which can create fractional-share purchases.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: The Form 4 was filed on 2026-07-02 for a 2026-05-22 grant — this is a late filing relative to the typical 2-business-day Form 4 deadline.

Context

• The 372-share item is an equity award that vests in one year; it is not an immediate sale or exercise and does not produce cash unless sold later.
• The DRIP purchase is a routine reinvestment of dividends and often results in small or fractional share additions.
• No tax-withholding or disposition items were reported for these transactions.