Finward Bancorp 10-K

Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities   The Bancorp’s Common Stock is listed on the Nasdaq Capital Market under the symbol “FNWD.” As of March 30, 2023, the Bancorp had 4,304,026 shares of common stock outstanding and 549 stockholders of record. This does not reflect the number of persons or entities who may hold their stock in nominee or “street” name through brokerage firms.   On April 24, 2014, the Bancorp’s Board of Directors authorized a stock repurchase program to repurchase up to 50,000 shares of the Bancorp’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 twelve months ended December 31, 2022 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, 2022 – January 31, 2022     -       N/A       -       48,828   February 1, 2022 – February 28, 2022     2,366       $48.73       -       48,828   March 1, 2022 – March 31, 2022     -       N/A       -       48,828   April 1, 2022 – April 30, 2022     113       $45.87       -       48,828   May 1, 2022 – May 31, 2022     -       N/A       -       48,828   June 1, 2022 – June 30, 2022     -       N/A       -       48,828   July 1, 2022 – July 31, 2022     -       N/A       -       48,828   August 1, 2022 – August 31, 2022     -       N/A       -       48,828   September 1, 2022 – September 30, 2022     -       N/A       -       48,828   October 1, 2022 –October 31, 2022     -       N/A       -       48,828   November 1, 2022 – November 30, 2022     -       N/A       -       48,828   December 1, 2022 – December 31, 2022     -       N/A       -       48,828         -       N/A       -       48,828     (1) The stock repurchase program was announced on April 24, 2014, whereby the Bancorp is authorized to repurchase up to 50,000 shares of the Bancorp’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 Bancorp’s executive officers and employees to satisfy the tax withholding obligations on restricted stock awards granted under the Bancorp’s 2015 Stock Option and Incentive Plan. For the twelve months ended December 31, 2022, 2,479 shares were reacquired at an average per share price of $48.60 pursuant to these tax withholding transactions.   46 of 113     Item 6. [Reserved]