{"schema_version":"secwatch.filing_event.v1","accession":"0000908834-24-000349","form_type":"8-K","ticker":"FNWD","cik":"0000919864","company_name":"Finward Bancorp","filed_at":"2024-11-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.389291+00:00","generated_at":"2026-05-29T17:24:41.707056+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Finward Bancorp promotes CFO Benjamin L. Schmitt to Executive Vice President; one-time bonus awarded","bullets":["Benjamin L. Schmitt promoted from SVP to EVP, CFO and Treasurer of Finward Bancorp and Peoples Bank, effective Nov 22, 2024.","Board awarded Schmitt a one-time cash bonus of $23,900 in connection with the promotion.","No changes to base salary or other compensation arrangements as a result of the promotion.","Schmitt joined Finward Bancorp in February 2024; prior roles include investment banking at Piper Sandler and Sandler O'Neill."],"urls":{"canonical":"https://secwatch.observer/filing/0000908834-24-000349","json":"https://secwatch.observer/filing/0000908834-24-000349.json","markdown":"https://secwatch.observer/filing/0000908834-24-000349.md","text":"https://secwatch.observer/filing/0000908834-24-000349.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/919864/000090883424000349/0000908834-24-000349-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/919864/000090883424000349/finward_8k11222024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T17:24:41.707056+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"430c00c545","claim":"Benjamin L. Schmitt changed role as Executive Vice President, Chief Financial Officer and Treasurer at Finward Bancorp.","evidence_excerpt":"promoted Benjamin L. Schmitt from Senior Vice President, Chief Financial Officer and Treasurer of the Bancorp and the Bank to Executive Vice President, Chief Financial Officer and Treasurer of the Bancorp and the Bank.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/919864/000090883424000349/0000908834-24-000349-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"promoted"},{"label":"Role","value":"Executive Vice President, Chief Financial Officer and Treasurer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}