Finward Bancorp adds CFO Benjamin Schmitt to change-in-control severance plan, waives 3-year service requirement

Finward Bancorp

CFO Benjamin Schmitt approved as eligible participant in Executive Change in Control Severance Plan by Compensation Committee.
Three-year employment eligibility requirement waived for Schmitt per CEO recommendation.
Benefits include cash severance of 1x base salary plus target bonus, plus COBRA and life insurance premiums.
Payments triggered by termination without cause or for good reason within 18 months of a change-in-control.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.