Scheub Todd M. 4

What Happened
Todd M. Scheub, Executive Vice President of Finward Bancorp (FNWD), made a purchase on 2026-03-31 of 38.298 shares at $36.50 per share, for a total of approximately $1,398. The acquisition was made through the company's Dividend Reinvestment Plan (DRIP), which reinvests cash dividends to buy additional shares.

Key Details

• Transaction date: 2026-03-31; reported on Form 4 filed 2026-04-01 (timely filing).
• Price per share: $36.50; total value: ~$1,398.
• Transaction code: P (purchase) — acquisition via dividend reinvestment.
• Footnote: F1 — "Shares acquired from the Dividend Reinvestment Plan."
• Shares owned after transaction: not specified in the provided filing details.
• No indication this was an option exercise, gift, or tax withholding; appears to be routine DRIP activity.

Context
Dividend reinvestment purchases are common and typically reflect automatic reinvestment of dividends rather than an active market buy. While purchases can be a bullish signal, this is a small, routine DRIP transaction and should be interpreted accordingly. The filing was submitted promptly and does not indicate any late reporting issues.