{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-22-009992","form_type":"8-K","ticker":"FNWD","cik":"0000919864","company_name":"Finward Bancorp","filed_at":"2022-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:04:04.398745+00:00","generated_at":"2026-06-26T03:49:45.587771+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Finward Bancorp promotes Todd Scheub to President of Peoples Bank and EVP & Chief Revenue Officer","bullets":["Todd Scheub appointed President of Peoples Bank and EVP & Chief Revenue Officer effective April 27, 2022.","Scheub previously served as EVP & Chief Banking Officer since 2017; succeeds Ben Bochnowski as Bank President.","Base salary set at $271,000; eligible for annual bonus and equity; granted 1,000 restricted shares vesting in 3 years.","Employment agreement includes 1.5x salary and bonus severance if terminated without cause or for good reason.","Scheub joined Peoples in 1996 and will oversee sales teams, customer relationships, and revenue generation."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-22-009992","json":"https://secwatch.observer/filing/0001437749-22-009992.json","markdown":"https://secwatch.observer/filing/0001437749-22-009992.md","text":"https://secwatch.observer/filing/0001437749-22-009992.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/919864/000143774922009992/0001437749-22-009992-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/919864/000143774922009992/fnwd20220427_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T03:49:45.587771+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":"6260ef9172","claim":"Todd M. Scheub was appointed as President of the Bank and Executive Vice President & Chief Revenue Officer at Finward Bancorp.","evidence_excerpt":"the Board of Directors (the “ Board ”) of Finward Bancorp (the “ Bancorp ”) appointed Todd M. Scheub as Executive Vice President & Chief Revenue Officer of the Bancorp, and the board of directors of Peoples Bank (the “ Bank ”), the wholly-owned Indiana chartered commercial bank subsidiary of the Bancorp, appointed Mr. Scheub as President of the Bank, with both appointments becoming effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/919864/000143774922009992/0001437749-22-009992-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President of the Bank and Executive Vice President & Chief Revenue Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}