Form 4 for FNWD Finward Bancorp

Accepted 2022-02-01 00:00:00 ET · period of report 2022-01-31 · accession 0001567619-22-002279 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
	2022-02-01	2022-01-31	FNWD	Youman Robert W.	Dir	A - Grant	—	+16.3K	20.3K	+406%	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2022-01-31	A	A	16,256	—	20,256	D	—	—	(F1) This common stock was received in exchange for a portion of the Reporting Person's shares of Royal Financial, Inc. ("Royal Financial") common stock in connection with the merger of Royal Financial with and into Finward Bancorp ("Finward") (the "Merger"). The Reporting Person received cash for the remaining portion of the Reporting Person's Royal Financial common stock in the Merger. The exchange ratio in the Merger was 0.4609 shares of Finward common stock for each share of Royal Financial common stock (with cash in lieu paid for fractional shares). The last closing price of Royal Financial's common stock before the effective time of the Merger was $20.50 per share, and the last closing price of Finward's common stock before the effective time of the Merger was $47.75 per share.