$FNWD

$43.79 +$0.26 (0.6%) Close

$FNWD Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 4.3M shares outstanding

Who owns FNWD?

By type of holder

Institutions 45.9% Insiders 6.0% Everyone else 48.1%

Concentration Top 10 holders own 33.8%

Alliancebernstein L.P. 9.6% · PL Capital Advisors, LLC 9.1%

Institutional ownership

45.9%

-2.4 pts vs last qtr

Institutional holders

-7 vs last qtr

Net shares bought

−105.0K

by institutions in Q2 2026

New / sold out

14 / 21

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Elizabeth Park Capital Advisors, Ltd. NEW +57.6K
Millennium Management LLC NEW +36.1K

Biggest sellers in Q2 2026

BlackRock, Inc. −137.7K
Goldman Sachs Group Inc −44.7K

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Finward Bancorp in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

+50.1%

+4.62% a year

Each share's claim on the business

−33.4%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

— vs $4.3M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years0% 3–5 years67% 1–3 years13% Under 1 year20%

Quarterly turnover

14.4%

of institutional shares changed hands

Top 10 managers, median time held

4.3 years

Super Investors

Investment managers reporting FNWD on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
AL Alliancebernstein L.P.	417.2K	9.63%	+3.5K (+0.8%)	2021	0.0%
Shares held by quarter Peak holding417.2K (Q2'26) Change over 8 quarters+105.3K Share of the company9.630% Alliancebernstein L.P.'s full portfolio →
PC PL Capital Advisors, LLC	395.7K	9.13%	Unchanged	2022	4.1%
Shares held by quarter Peak holding395.7K (Q1'25) Change over 8 quarters+40.9K Share of the company9.130% PL Capital Advisors, LLC's full portfolio →

Alliancebernstein L.P.

417.2K

% of company

9.63%

Change vs last qtr

+3.5K (+0.8%)

Held since

2021

PL Capital Advisors, LLC

395.7K

% of company

9.13%

Change vs last qtr

Unchanged

Held since

2022

28 more super investors behind a free account

See every manager holding Finward Bancorp, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting FNWD on Form N-PORT; together they hold 10.7% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$4.12M	111.9K	2.58%	0.00%	June 30, 2026
IR iShares Russell 2000 ETF iShares Trust	$2.33M	64.3K	1.48%	0.00%	March 31, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$4.12M

% of company

2.58%

% of the fund

0.00%

As of

June 30, 2026

iShares Russell 2000 ETF

iShares Trust

Position value

$2.33M

% of company

1.48%

% of the fund

0.00%

As of

March 31, 2026

23 more funds behind a free account

See every fund holding Finward Bancorp and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
GJ Gorelick Joel Insider	82.7K	1.91%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company1.910% Gorelick Joel's insider activity →
LR Lowry Robert T Insider	44.8K	1.03%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company1.030% Lowry Robert T's insider activity →

Gorelick Joel

Insider

82.7K

% of company

1.91%

Change vs last qtr

—

Held since

—

Lowry Robert T

Insider

44.8K

% of company

1.03%

Change vs last qtr

—

Held since

—

11 more holders behind a free account

See every insider and 5%+ holder of Finward Bancorp.

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