Finward Bancorp
For the period ended Sep 30, 2025. Filed Nov 12, 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.
Sep 30, 2025 · Filed Nov 12, 2025
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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 September 30, 2025 under the stock repurchase program.
| Period | Total Number of Shares Purchased (2) | Average Price Paid per Share | Total Number of SharesPurchased as Part ofPublicly AnnouncedPlans or Programs | Maximum Number ofShares That May YetBe Purchased Underthe 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 |
| April 1, 2025 – April 30, 2025 | 485 | $30.75 | - | 48,828 |
| May 1, 2025 – May 31, 2025 | 690 | $30.26 | - | 48,828 |
| June 1, 2025 – June 30, 2025 | - | N/A | - | 48,828 |
| July 1, 2025 – July 31, 2025 | 223 | $27.52 | - | 48,828 |
| August 1, 2025 – August 31, 2025 | - | N/A | - | 48,828 |
| September 1, 2025 – September 30, 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 nine months ended September 30, 2025, 5,328 shares were reacquired at an average per share price of $27.33 pursuant to these tax withholding transactions.
There are no matters reportable under this item.
Not Applicable
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