{"url_path":"/sec/fnwd/10-q/2026/item-2","section_key":"item-2","section_title":"Item 2 Unregistered Sales of Equity Securities and Use of Proceeds","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/919864/0001628280-26-034588-index.html","accession_number":"0001628280-26-034588","cik":"0000919864","ticker":"FNWD","issuer_name":"Finward Bancorp","edgar_url":"https://www.sec.gov/Archives/edgar/data/919864/0001628280-26-034588-index.html","primary_entity_key":"0000919864","primary_entity_name":"Finward Bancorp"},"word_count":253,"has_tables":true,"body_markdown":"Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds\n\nOn 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, 2026 under the stock repurchase program.\n\n56\n\nPeriodTotal Number\n of Shares Purchased (2)Average Price\n Paid per ShareTotal Number of Shares\nPurchased as Part of\nPublicly Announced\nPlans or ProgramsMaximum Number of\nShares That May Yet\nBe Purchased Under\nthe Program(1)\n\nJanuary 1, 2026 –January 31, 2026-N/A-48,828\n\nFebruary 1, 2026 – February 28, 20261,508$38.79-48,828\n\nMarch 1, 2026 – March 31, 2026-N/A-48,828\n\n(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.\n\n(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 Plan. For the three months ended March 31, 2026, 1,508 shares were reacquired at an average per share price of $38.79 pursuant to these tax withholding transactions."}