Finward Bancorp
For the period ended Mar 31, 2025. Filed May 15, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1A. Risk Factors
Not Applicable.
On April 24, 2014 the Company’s Board of Directors authorized a stock repurchase program to repurchase up to 50,000 shares of the Company’s outstanding common stock, from time to time and subject to market conditions, on the open market or in privately negotiated transactions. The stock repurchase program does not expire and is only limited by the number of shares that can be purchased. The stock repurchase program will be reviewed annually by the Board of Directors. No shares were repurchased during the quarter ended March 31, 2025 under the stock repurchase program.
| Period | Total Number of Shares Purchased (2) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs | Maximum Number of Shares That May Yet Be Purchased Under the Program(1) |
|---|---|---|---|---|
| January 1, 2025 – January 31, 2025 | - | N/A | - | 48,828 |
| February 1, 2025 – February 28, 2025 | 3,930 | $26.38 | - | 48,828 |
| March 1, 2025 – March 31, 2025 | - | N/A | - | 48,828 |
| (1) | The stock repurchase program was announced on April 24, 2014, whereby the Company is authorized to repurchase up to 50,000 shares of the Company’s common stock outstanding. There is no express expiration date for this program. |
| (2) | The number of shares above includes shares of common stock reacquired from the Company’s executive officers and employees to satisfy the tax withholding obligations on restricted stock awards granted under the Company’s 2015 Stock Option and Incentive Plan. For the three months ended March 31, 2025, 3,930 shares were reacquired at an average per share price of $26.38 pursuant to these tax withholding transactions. |
| Item 3. | Defaults Upon Senior Securities |
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There are no matters reportable under this item.
| Item 4. | Mine Safety Disclosures |
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Not Applicable
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